J.C. Penney Co., Inc. (JCP) Posts Narrower than Expected Q1 Loss; Offers Q2, FY14 Outlook
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Gresham's Law to Govern J. C. Penney (JCP) Share Price for the Time Being - Maxim Group
May 19, 2014 8:34 AM EDTMaxim Group analyst Rick Snyder reiterated a Hold rating on J. C. Penney (NYSE: JCP) following last week's solid Q1 results but said that they believe that Gresham's Law will govern the share price action for the time being.
Snyder said,... More
J. C. Penney (JCP) PT Lifted to $11 at BofA/Merrill Lynch; Comp Progress and Better Liquidity
May 16, 2014 8:36 AM EDTBofA/Merrill Lynch analyst Lorraine Hutchinson reiterated a Neutral rating and bumped her price target on J. C. Penney (NYSE: JCP) to $11.00 (from $9.50) following Q1 results. The analyst noted some comp progress and better liquidity options.
Hutchinson notes the 1Q EPS of $(1.14)... More
J. C. Penney (JCP) Price Target Raised to $10 at Deutsche Bank
May 16, 2014 8:15 AM EDTDeutsche Bank maintained a Hold rating on J. C. Penney (NYSE: JCP) and raised its price target to $10.00 (from $6.00). The change follows Q1 results.
Analyst Paul Trussell said, "JCPenney posted a very impressive 1Q14 print, led by: 1) the companys best quarterly SSS performance (+6.2%) since 3Q06; 2) large YOY improvement in GPM +225 bps despite heavy clearance merchandise... More
Goldman Sachs Comment on J. C. Penney's JCP) Q1
May 16, 2014 7:11 AM EDTGoldman Sachs maintained a Neutral rating on J. C. Penney (NYSE: JCP) and raised its price target to $6.00 (from $5.50). FY14/15/16 EBITDA estimates were raised to $191/$538/$736 million from $92/$470/$709 million.
Analyst Stephen Grambling thinks the retailers turnaround is on track but he said "valuation appears to embed return to peak."
"Traffic inflection... More
J. C. Penney (JCP) PT Lifted at Piper Jaffray Amid 'Strong' Q1; Traffic Positive In April For 1st Time In 30 Months
May 16, 2014 7:11 AM EDTPiper Jaffray analyst Neely J.N. Tamminga reiterated an Overweight rating and boosted her price target on J. C. Penney (NYSE: JCP) to $12.00 (from $11.00) following 'strong' Q1 top-line growth of 6.2% in comparable-store sales. The analyst believes the company's turnaround is very much underway and... More
