Vetr: J C Penney To Rebound 5.5%

This wasn't a good week for J C Penney Company Inc JCP, which saw its stock tumble more than 3.65 percent.

The Vetr crowd seems to believe the decline has unlocked some room for upside, as evidenced by its average price target of $10.35, which implies a potential return of more than 5.5 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect the larger upside potential, the Vetr crowd has upgraded its rating on shares of J C Penney on Friday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) – out of a possible 5 Stars rating.

It should be noted that, pretty much in accordance with the new score, 71 percent of the crowd’s ratings are bullish at the time.