Information Provided By: 
Fly News Breaks for April 15, 2015
JCP
Apr 15, 2015 | 11:09 EDT
Imperial Capital continues to expect elevated debt levels to erode the value of J.C. Penney shares, but it thinks favorable operating momentum could drive the stock price above $10. Imperial believes such a rally would provide Penny with a "great opportunity" to issue additional shares to pay down debt. The firm keeps an Underperform rating on Penny with a $3 price target. Shares of the retailer are up 9c to $9.23 in late morning trading.
News For JCP From the Last 2 Days
There are no results for your query JCP
