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Retail Analyst Sozzi Calls J.C. Penney 'Value Trap'

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Benzinga Pro Audio this morning talked J.C. Penney (NYSE: JCP) with NBG's retail wiz Brian Sozzi. J.C. Penney earlier reported a very large Q3 loss and missed on the top line -- and investors are not taking it well. The stock is currently down about 6%.

Sozzi's tone on J.C. Penney was very bearish. When asked if J.C. Penney is turning into a value play, Sozzi retorted with, "It's becoming a value trap..." He is also growing concerned with investors continuing to trust former Apple retail head Ron Johnson.

Shares of J.C. Penney had been down around 6% ahead of the Benzinga Pro Audio interview but quickly fell another 4% following Sozzi's negative comments.

Latest Ratings for JCP

DateFirmActionFromTo
Aug 2015Deutsche BankUpgradesHoldBuy
Aug 2015Imperial CapitalMaintainsUnderperform
Aug 2015B. RileyInitiates Coverage onBuy

View More Analyst Ratings for JCP
View the Latest Analyst Ratings

Posted-In: Brian SozziAnalyst Color Analyst Ratings

 

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