J.C. Penney Q4 disappointing, outlook uncertain, says Citigroup

theflyonthewall.com

Citigroup says J.C. Penney's Q4 results were disappointing and that the company's outlook for 2013 remains uncertain. The firm lowered its earnings estimates and dropped its price target for shares to $22 from $25. Citi, however, keeps a Buy rating on the stock.

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