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Stock Market & Financial Investment News

News Breaks
January 16, 2014
07:46 EDTJCPJ.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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January 21, 2015
12:12 EDTJCPBest Buy, home retailers seen getting biggest bump from Sears demise
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January 20, 2015
06:22 EDTJCPJ.C. Penney to bring back 120-page catalog, WSJ reports
J.C. Penney has decided to resurrect its catalog in the form of a 120-page book that will mark the first catalog the chain has sent out since 2010, The Wall Street Journal reports. The retailer, which quit the catalog amid a broader pullback caused by the recession and the rise of e-commerce, now believes the catalog can help drive web sales. Reference Link
January 13, 2015
10:17 EDTJCPOptions with decreasing implied volatility
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