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Stock Market & Financial Investment News

News Breaks
February 5, 2014
05:53 EDTJCP, SIRIStocks with implied volatility movement; JCP SIRI
Stocks with implied volatility movement; J.C. Penney (JCP) 133, Sirius XM (SIRI) 37 according to iVolatility.
News For JCP;SIRI 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.
07:58 EDTSIRILiberty Media upgraded at Buckingham
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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 26, 2015
07:24 EDTSIRIWells Fargo to hold a forum
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March 24, 2015
10:01 EDTSIRIOn The Fly: Analyst Initiation Summary
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06:18 EDTSIRISirius XM coverage resumed with a Neutral at Goldman
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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.

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