Market Overview

UPDATE: Imperial Capital Lowers PT on JC Penney on Increasing Concerns

Share:

In a report published Monday, Imperial Capital analyst Mary Ross-Gilbert reiterated an Underperform rating on J.C. Penney Company (NYSE: JCP), but lowered the price target from $5.00 to $1.00.

In the report, Imperial Capital noted, “We are maintaining our Underperform rating on the shares, but we are lowering our one-year price target to $1 from $5. Our new $1 price target is based on the notional ‘option' value of the shares, given our increasing concerns the company may engage in a financial restructuring in 2014.”

J.C. Penney Company closed on Friday at $7.00.

Latest Ratings for JCP

DateFirmActionFromTo
Mar 2019MaintainsNeutralNeutral
Dec 2018Initiates Coverage OnUnderweight
Nov 2018DowngradesHoldSell

View More Analyst Ratings for JCP
View the Latest Analyst Ratings

Posted-In: imperial capital Mary Ross-GilbertAnalyst Color Price Target Analyst Ratings

 

Related Articles (JCP)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
BGNECLSADowngrades
SWKSMizuhoMaintains90.0
KEMB. Riley FBRDowngrades27.2
ROKGabelli & Co.Downgrades
SSRMB. Riley FBRUpgrades23.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Stifel Initiates Coverage on Montage Technology Group on Earnings Estimate, DCF Analysis

FBR Capital Markets Reiterates Underperform on Juniper Networks Ahead of 3Q13 Earnings Report