Hayman's Bass Appears to Be Sticking with JCPenney (JCP)...for Now
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J. C. Penney (JCP) Target Lowed to $9 at Goldman
October 9, 2013 11:33 AM EDTGoldman Sachs maintained a Neutral rating on J. C. Penney (NYSE: JCP) and lowered its price target to $9.00 (from $10.00). Goldman also lowered EPS estimates for FY13/FY14/FY15 EPS to ($6.34)/($1.73)/($1.10) from prior ($5.44)/($1.72)/($0.97). The change accounts for better sales and weaker gross margin.
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