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Fly News Breaks for January 17, 2017
JCP
Jan 17, 2017 | 07:50 EDT
Baird analyst mark Altschwager hosted J.C. Penney management and came away more cautious on the top-line outlook, citing significant sector and apparel headwinds. He still believes the company has an opportunity to reach $1.2 billion in EBITDA in 2017 and views the risk/reward as favorable following the shares' recent pullback. Altschwager maintained his Outperform rating and $11 price target on J.C. Penney shares.
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