Market Overview

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

Related JCP
CNBC's Stock Pops & Drops From August 28
Markets Reverse Early Morning Losses; Still Lower On The Day
Ever Wonder Why Ron Johnson Left Apple for J.C. Penney? (Fox Business)

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.

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

 

Related Articles (JCP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional