J.C. Penney price target raised to $10 from $6 at Deutsche Bank Deutsche Bank raised its price target for J.C. Penney shares to $10 citing the company's "very impressive" Q1 results. The firm notes the quarter had the easiest same-store-sales compare of the year and it keeps a Hold rating on the stock.
J.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