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JC Penney Shares Giving Up Gains as Analysts Look Skeptical Following Nov. Comps Figures

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Shares of JC Penney (NYSE: JCP) touched a pre-market low at $9.62, but have since bounced to around $9.90. The stock hit a post-market high at $10.86 on Tuesday afternoon.

A Wells Fargo analyst said he was "unimpressed" with the November same-store sales figures. Elsewhere, analysts at Deutsche Bank called the comps "solid" but suggested "November may represent" a peak.

Wells Fargo's Paul Lejuez reiterated an Underperform rating on JC Penney shares while Deutsche Bank is maintaining a Hold rating and $6 price target.

Latest Ratings for JCP

DateFirmActionFromTo
May 2016Morgan StanleyMaintainsUnderweight
May 2016BairdUpgradesNeutralOutperform
May 2016CitigroupMaintainsNeutral

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View the Latest Analyst Ratings

Posted-In: Analyst Color News Price Target Reiteration Retail Sales Analyst Ratings Movers

 

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