Credit Suisse Downgrades J. C. Penney (JCP) to Underperform
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Nomura Securities Slashes Numbers on J. C. Penney (JCP), Co. Many Need to Draw on Revolver
November 13, 2012 8:44 AM ESTNomura Securities slashed estimates and its price target on Neutral-rated J. C. Penney (NYSE: JCP) from $26 to $18.
"Despite weak financial results, JCP is moving forward with its transformational strategy, albeit with some mid-course corrections," analyst , Paul Lejuez notes. "The hope is... More
From Worrying About a J. C. Penney (JCP) Turnaround to Worrying About Everything; DB Highlights 3 Things to Watch
November 12, 2012 3:03 PM ESTOn the back of weak earnings and just plain dismal sales, Friday's muted stock reaction in J. C. Penney (NYSE: JCP) suggested to shareholders a bottom might finally be in. Monday though has been different story. Shares of the baffled retailer are down 11.7 percent to a new three-year low as worries mount.
Analyst at Deutsche Bank said highlighted three points for investors to watch.
#1. Days Payable Outstanding (DPO) - The firm said DPO is "OK" for now, but bears monitoring. They comment: "We took a closer look at JCP's DPO... More
J.C. Penney (JCP) Hits Multi-Year Lows as Patience Wears Thin
November 12, 2012 11:10 AM ESTShares of J.C. Penney (NYSE: JCP) are trading at lows not seen since early 2009. Today's downturn extends Fridays losses which came on the heels of disappointing third quarterly earnings and dismal sales numbers that are exacerbated fears that the company's so-called turnaround isn't materializing.
... More
