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Stock Market & Financial Investment News

News Breaks
August 15, 2014
07:19 EDTJCPWells says 'no reason to get too excited' about J.C. Penney
Wells Fargo sees "no reason to get too excited" over J.C. Penney after the company reported Q2 results. Wells notes that while gross margin improved significantly, comps slowed versus Q1 and the retailer still lost (73c) per share. The firm continues to view the current valuation as stretched and keeps an Underperform rating on the stock with a $5-$6 price target range.
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

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