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Stock Market & Financial Investment News

News For BBY;JCP From The Last 14 Days
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October 9, 2014
07:56 EDTJCPJ.C. Penney downgraded at Craig-Hallum
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07:43 EDTJCPJ.C. Penney downgraded to Sell from Hold at Craig-Hallum
06:56 EDTJCPJ.C. Penney pullback a buying opportunity, says Piper Jaffray
Piper Jaffray views yesterday's pullback in shares of J.C. Penney as a buying opportunity, saying the company's turnaround "is very much underway." Piper notes that despite saying Q3 comps are tracking low-single-digits versus prior guidance of mid-single-digits, J.C. Penney management reiterated full-year guidance. The firm reiterates an Overweight rating on Penny with a $13 price target following yesterday's analyst day.
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