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A number of stock research firms have changed their ratings and price targets for J.C. Penney Company (NYSE: JCP) during the last seven days:

  • J.C. Penney Company was given a new $8.00 price target on by analysts at Nomura.
  • J.C. Penney Company had its “positive” rating reaffirmed by analysts at Piper Jaffray.
  • J.C. Penney Company had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $4.00 price target on the stock. They wrote, “JCP 1Q loss better than feared: 6.2% comps handily beat 3.8% consensus and 4% MSe. Sales improved sequentially in the quarter and positive traffic y/y in April – the first time in 30 months – was encouraging. 33.1% gross margin missed consensus by 10 bps but expense was once again well controlled and SG&A dollars fell $69M, or 6.4% y/y.”
  • J.C. Penney Company had its “neutral” rating reaffirmed by analysts at Sterne Agee.
  • J.C. Penney Company had its price target raised by analysts at Deutsche Bank from $6.00 to $10.00. They now have a “hold” rating on the stock.
  • J.C. Penney Company had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $10.00 price target on the stock.
  • J.C. Penney Company was downgraded by analysts at Wells Fargo & Co. from a “market perform” rating to an “underperform” rating. They now have a $5.00 price target on the stock, down previously from $6.00. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of J.C. Penney Company, Inc. (NYSE:JCP) opened at 8.60 on Thursday. J.C. Penney Company, Inc. has a one year low of $4.90 and a one year high of $19.63. The stock’s 50-day moving average is $8.49 and its 200-day moving average is $8.02. The company’s market cap is $2.621 billion.

J. C. Penney Company, Inc is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc (NYSE:JCP).

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