J.C. Penney Stock Soars On Citi Upgrade – ValueWalk Premium
J.C. Penney 3 yr SSS 0314

J.C. Penney Stock Soars On Citi Upgrade

Convinced that J.C. Penney Company, Inc. (NYSE:JCP) has already turned a corner under the improved management of CEO Myron Ullman, Citi analyst Oliver Chen upgraded the company from Neutral/High Risk to Buy/High Risk and pushed his price target to $11 from $7.50 with an implied 30% upside. The markets responded immediately, and JCP stock was up 9.6% after just a few hours of trading.

Chen’s thesis rests on the idea that J.C. Penney Company, Inc. (NYSE:JCP)'s recent pain is a result of poor decisions made by former

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0