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Fly News Breaks for February 27, 2015
JCP
Feb 27, 2015 | 07:11 EDT
Deutsche Bank says that while most retailers offered conservative guidance, the market is viewing J.C. Penney's outlook differently given the run-up of shares into the Q4 report and skepticism surrounding the company's long-term top-line potential and highly levered model. Deutsche believes Penny's remains a "show me story" until liquidity is improved. It keeps a Hold rating on the stock with a $9 price target.
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