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
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