J.C. Penney Company Stock Rating Upgraded by Northcoast Research (JCP)
Northcoast Research upgraded shares of J.C. Penney Company (NYSE: JCP) from a sell rating to a neutral rating in a research report released on Thursday morning. Northcoast Research currently has $14.00 price target on the stock.
JCP has been the subject of a number of other recent research reports. Analysts at S&P Equity Research cut their price target on shares of J.C. Penney Company from $20.00 to $17.00 in a research note to investors on Wednesday, March 6th. They now have a hold rating on the stock. Separately, analysts at Zacks upgraded shares of J.C. Penney Company from an underperform rating to a neutral rating in a research note to investors on Wednesday, March 6th. They now have a $16.00 price target on the stock. Finally, analysts at Macquarie reiterated a neutral rating on shares of J.C. Penney Company in a research note to investors on Wednesday, March 6th. They now have a $15.00 price target on the stock.
Shares of J.C. Penney Company traded down 1.39% during mid-day trading on Thursday, hitting $14.90. J.C. Penney Company has a 52 week low of $14.20 and a 52 week high of $37.91. The stock’s 50-day moving average is currently $19.11. The company’s market cap is $3.268 billion.
J. C. Penney Company, Inc. (jcpenney), is a holding company. The Company is a retailer, operating 1,102 department stores in 49 states and Puerto Rico as of January 28, 2012.
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