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Fly News Breaks for August 17, 2015
JCP
Aug 17, 2015 | 06:51 EDT
Piper Jaffray analyst Neely Tamminga raised her price target on J.C. Penney to $17 following the retailer's Q2 results. For the second consecutive quarter Penny showed the ability to reach EBITDA targets regardless of top-line performance, Tamminga tells investors in a research note. She continues to rate the company a top pick for 2015. Shares of J.C. Penney were initiated this morning at B. Riley with a Buy rating.
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