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Morgan Stanley is Still Waiting for Signs of Turnaround from J.C. Penney

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In a report published Thursday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating and $4.00 price target on J.C. Penney (NYSE: JCP).

In the report, Morgan Stanley noted, “Meeting $2B liquidity guidance at year end alleviated fear of another round of capital raise. But we think 2014 guidance appears aggressive. JCP is running out of easy comparisons and must deliver genuine sales and margin improvement to become CF neutral. We are yet to be convinced.”

J.C. Penney closed on Wednesday at $5.96.

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: Kimberly C. Greenberger Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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