Market Overview

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

Share:
Related JCP
30 Stocks Moving In Wednesday's Pre-Market Session
Analyst Echoes Predictions Amazon Will Buy Retailer: 'Downtrodden Big Box, Department Store Player'
Kohl's Corporation: Don't Believe The Recent Optimism (Seeking Alpha)

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
Oct 2017CitigroupMaintainsSell
Oct 2017BMO CapitalMaintainsMarket Perform
Oct 2017B. RileyMaintainsNeutral

View More Analyst Ratings for JCP
View the Latest Analyst Ratings

Posted-In: Brian SozziAnalyst Color Analyst Ratings

 

Related Articles (JCP)

View Comments and Join the Discussion!