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Fly News Breaks for January 5, 2016
JCP
Jan 5, 2016 | 07:13 EDT
Citi analyst Paul Lejuez upgraded J.C. Penney to Neutral citing valuation with the shares near his price target of $7. The market is appreciating the challenges Penny faces in its turnaround with the stock down 30% in the last three months, Lejuez tells investors in a research note. The retailer closed yesterday up 31c to $6.97.
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