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Fly News Breaks for January 10, 2017
JCP
Jan 10, 2017 | 17:44 EDT
Baird analyst Mark Altschwager, after talking to J. C. Penney investor relations manager Trent Kruse, said he is more cautious on J.C. Penney's top-line outlook, but believes the company can reach $1.2B in EBITDA in 2017, and sees the risk/reward in the stock as favorable following its drop to ~$7. Altschwager has an Outperform rating and $11 price target on J.C. Penney shares.
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