|November 14, 2012|
|06:36 EDT||JCP||J.C. Penney downgraded to Neutral from Overweight at JPMorgan|
JPMorgan expects things at J.C. Penney to get worse before they get better and said the new pricing and promotional structure have left more questions than answers. Price target lowered to $20 from $30.
News For JCP From The Last 14 Days
|March 31, 2015|
|16:33 EDT||JCP||JPMorgan 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 EDT||JCP||J.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 20, 2015|
|09:01 EDT||JCP||J.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 EDT||JCP||J.C. Penney trades lower after news of executive departures|
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