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J. C. Penney Company, Inc. Message Board

  • getintoh20 getintoh20 Apr 23, 2013 9:22 AM Flag

    Morgan Stanley Lowers J. C. Penney (JCP) Price Target to $9

    Morgan Stanley maintained an Underweight rating on J. C. Penney (NYSE: JCP) and lowered its price target to $9.00 (from $13.00). Analyst Kimberly Greenberger cut JCP's Q1 comp sales estimate from -7% to -13% following store checks that were described as "disappointing." Greenberger sees unexpected levels of disruption from renovations and thinks J.C. Penney's cash burn is worse than expected.

    For an analyst ratings summary and ratings history on J. C. Penney click here. For more ratings news on J. C. Penney click here.

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    • Will JCP be able to win back lost and loyal customers in time to avoid bankruptcy? That is the question that should be asked? Not having been one of those customers while trusting in a very dear friend who shopped loyally at Penney's must go with the negative after She and Her daughter were disappointed when Penney's abandoned them trying to capture a new and younger clientele. They left without finding the items that they bought yearly for many years and took their business elsewhere. Will they go back and look at Joe Fresh? No

    • Morgan Stanley maintained an Underweight rating on J. C. Penney (NYSE: JCP) and lowered its price target to $9.00 (from $13.00). Analyst Kimberly Greenberger cut JCP's Q1 comp sales estimate from -7% to -13% following store checks that were described as "disappointing."
      //////////////////////////////////////////////

      I think I could be an analyst - - - In February(just a couple of months ago) she estimated 13 bucks a share - - no wait, 9 dollars a share today - - - - - - opps it's going up a little I think 14 bucks - - - still going up? then I say 16 bucks a share - - - went down again - - - - - - - - - just like I said 13 bucks a share - - - - - - - pretty much like grandpa shooting a sawed off shotgun at the side of the barn - - - - - - - - - - - he was bound to hit something !!!!!!!

    • Shorty don't waste your time - go away - step on a bug - big man --

      Sentiment: Strong Buy

    • what's the matter Kim...current entry point not good enough for ya?

      power corrupts

 
JCP
7.88+0.03(+0.38%)Mar 3 4:01 PMEST

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