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Stock Market & Financial Investment News

News For ANF;JCP From The Last 14 Days
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March 31, 2015
16:33 EDTJCPJPMorgan ups J.C. Penney price target after seeing management
After meetings with J.C. Penney management, JPMorgan raised its price target for the retailer to $10 from $8. The firm says Penny management expressed confidence in the company’s ability to reach its 2017 EBITDA target of $1.2B. JPMorgan notes that management sees "multiple ways" to achieve the target, even if sales do not grow. More near-term, the firm points out its work suggests Penny will post in-line or better Q1 results despite port issues and inconsistent weather. Nevertheless, the firm keeps a Neutral rating on the retailer. Shares of Penny closed the trading day up 58c to $8.41 after Piper Jaffray this morning upped its price target for shares to $14.
06:42 EDTJCPJ.C. Penney Q1 comp estimate, price target raised at Piper Jaffray
Piper Jaffray believes warmer weather versus last year and greater mall traffic from Apple (AAPL) Watch interest will drive positive Q1 momentum for J.C. Penney (JCP). Piper raised its comp estimate for Q1 to up 3% from up 1% and its price target for shares to $14 from $13. The firm keeps an Overweight rating on J.C. Penney.
March 27, 2015
05:52 EDTANFAmerican Eagle downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded American Eagle (AEO) to Sell saying it sees 29% downside risk over the next six months. Goldman believes declining mall traffic and "aggressive competition" from low cost stores puts the retailer in a multi-year period of diminishing productivity, margins, and returns. Its six-month price target for American Eagle is $12. Shares of the retailer closed yesterday up 17c to $16.92. Goldman lists Ann Inc. (ANN), Abercrombie & Fitch (ANF) and American Eagle as its top sell ideas in the Specialty Apparel space. Its lone Buy rated name in the group is Urban Outfitters (URBN).
March 24, 2015
10:20 EDTANFAbercrombie & Fitch sees ongoing expense reduction as way of life going forward
10:16 EDTANFAbercrombie & Fitch sees 'sigificant' FX headwinds in 2015
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07:27 EDTANFTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 20, 2015
09:01 EDTJCPJ.C. Penney says general counsel Janet Dhillon to leave company
J.C. Penney said in a filing that effective March 20, Janet Dhillon, Executive Vice President, General Counsel and Secretary, is leaving J. C. Penney Company.
March 18, 2015
13:30 EDTJCPJ.C. Penney trades lower after news of executive departures
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