J.C. Penney Co., Inc. (JCP) Posts Narrower than Expected Q1 Loss; Offers Q2, FY14 Outlook
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Go back to J.C. Penney Co., Inc. (JCP) Posts Narrower than Expected Q1 Loss; Offers Q2, FY14 Outlook
May 19, 2014 8:34 AM EDT
Maxim 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
May 16, 2014 8:36 AM EDT
BofA/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
May 16, 2014 8:15 AM EDT
Deutsche 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
May 16, 2014 7:11 AM EDT
Goldman 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
May 16, 2014 7:11 AM EDT
Piper 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
