J.C. Penney price target lowered to $5 from $7 at UBS UBS lowered its price target on J.C.Penney following its announcement it would close 33 stores. The firm lowered estimates and reiterated its Sell rating on the belief the closures suggest that stores will not be returning to profitability at the pace the company anticipated. UBS also sees limited ability to cut costs further which could lead to further closures.
News For JCP From The Last 14 Days
Check below for free stories on JCP the last two weeks.
Stocks with call strike movement; JCP TWTR J.C. Penney (JCP) February 12 call option implied volatility increased 5% to 45, Twitter (TWTR) January 62.5 call option implied volatility increased 4% to 46 according to IVolatility.