In a report published Monday, Deutsche Bank reiterated its Hold rating on J.C. Penney Company JCP.
Deutsche Bank noted, “Mid-day Friday March 8th, JCP emailed and sent text messages offering $10 off of purchases above $25 in-store or online through Sunday March 10th. The coupon was valid across the store from our observations (with Sephora excluded) which some JCP rewards members put to use this past weekend. Interestingly, there was no sign of the promotion in the Sunday circular which focused on Compare & Save messaging across tees, swimsuits, and sneakers, potentially suggesting that the promotion was not originally planned.”
J.C. Penney Company closed on Friday at $15.11.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in