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Fly News Breaks for March 8, 2016
JCP
Mar 8, 2016 | 06:47 EDT
Piper Jaffray analyst Neely Tamminga says her firm's survey exploring women's shopping behavior and intentions indicated J.C. Penney maintained its "top-of-mind status" after coming in at number three among preferred brands for clothing. The retailer had a consistent 7% mind share percentage among all votes while repurchase intent is up from last spring among those shoppers that have shopped Penny in the past six months, Tamminga tells investors in a research note. She reiterates an Overweight rating on the retailer with a $20 price target.
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