J.C. Penney liquidity concerns 'largely off the table,' says Piper Jaffray Piper Jaffray believes J.C. Penney management largely addressed liquidity and cash burn concerns on the Q4 earnings call. Piper notes management indicated that they are on a trajectory towards positive free cash flow. The firm believes the retailer's positive sales trends are likely to continue into spring and it keeps an Overweight rating on the stock with an $11 price target.
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