J.C. Penney initiated with a Sell at Craig-Hallum Craig-Hallum initiated J.C. Penney with a Sell and said it never expects it to recover. The firm expects the company to burn through half its market cap in cash over the year given department store secular headwinds.
News For JCP From The Last 14 Days
Check below for free stories on JCP the last two weeks.
J.C. Penney CEO successor search faces setback, WSJ says It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link