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Fly News Breaks for May 14, 2015
JCP
May 14, 2015 | 08:11 EDT
Baird said Q1 results for J.C. Penney were encouraging, highlighted by progress on sales, gross margins, and cost initiatives. The firm noted comparisons become tougher going forward and believes free cash flow growth will be challenging. Baird reiterated its Neutral rating and $10 price target on J.C. Penney shares.
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