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Fly News Breaks for February 26, 2016
JCP
Feb 26, 2016 | 06:46 EDT
Piper Jaffray analyst Neely Tamminga views J.C. Penney's Q4 results as a "solid finish" to the year. A turnaround is unfolding at J.C. Penney while analyst sentiment remains negative, Tamminga tells investors in a research note. She upped her price target for the shares to $20 from $18 and reiterates Penny as a top pick. The retailer is trading up 8%, or 71c, to $9.05 in pre-market trading following its earnings report late last night.
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