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Fly News Breaks for May 14, 2015
JCP
May 14, 2015 | 06:52 EDT
Piper Jaffray analyst Neely J.N. Tamminga calls J.C. Penney's Q1 results "solid" and expresses increased conviction in the retailer's ability to meet its targeted $1.2B-plus in EBITDA by 2017. Tamminga raised her price target for Penny shares to $15 from $14 and reiterates an Overweight rating on the stock. Shares are trading down 6c to $8.65 in the pre-market.
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