Imperial Capital Halves J.C. Penney Company, Inc. (JCP) Price TargetMani
Imperial Capital analysts have maintained their Underperform rating on J.C. Penney Company, Inc. (NYSE:JCP) and lowered their price target to $2.50 from $5.00.
Analysts Mary Ross-Gilbert and Seweryn Sztalkoper of Imperial Capital, however, maintained their Buy rating on the longer-dated senior notes of JCP.
Substantial debt burden
The Imperial Capital analysts anticipate JCP’s financial results to improve significantly over the next couple of years. However, the analysts believe J.C. Penney Company, Inc . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible