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Opinion on  JC Penney Company Inc (JCP)     Sector: Services  >  Industry: Retail (Department & Discount)
JC Penney Company Inc

Jun 24, 2008 10:01 AM GMT
Foto
Return Risk
-24.55% HIGH
Principal

Fundamental Analysis   Analyst Recommendation  

Stock Upgrade of the Day

Deutsche Bank upgrades JC Penny (NYSE: JCP ) from Hold to Buy and raises their price target to $46.  DB said sales trends have improved, maybe due to stimulus checks or the weather.  They are calling JCP a 'value story', with a compelling risk/reward profile.

Shares of JCP are down 50% over the last year.


JCP:  This call was made on 06/24/08 @ $37.2
Rating:   Positive   $37.2 (06/24/08)
Gain/Loss:   -17.96% in 503 days
Target:   $60.00 (+61.29%) in > one year
Allocation:   0.1% of portfolio


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