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Stock Market & Financial Investment News

News Breaks
May 16, 2014
08:57 EDTJCPJ.C. Penney shares shouldn't be chased here, says Buckingham
After J.C. Penney reported stronger than expected results, Buckingham recommends taking profits in the stock, given the high short interest in the name. The firm thinks the pace and slope of the company's recovery still remains uncertain. It raised its price target on the shares to $9 from $7 but keeps a Neutral rating on the stock.
News For JCP From The Last 14 Days
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July 18, 2014
10:40 EDTJCPJ.C. Penney call active on renewed takeover chatter
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10:28 EDTJCPRumor: J.C. Penney moves up on renewed takeover chatter
July 13, 2014
15:18 EDTJCPJ.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

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