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Fly News Breaks for February 21, 2017
JCP
Feb 21, 2017 | 07:55 EDT
Baird analyst Mark Altschwager said he remains cautious on J. C. Penney's top-line trajectory given secular/cyclical headwinds and potential pressure from store closures. He continues to see a path to management's EBITDA goal with cost cutting the big contributor. Altschwager maintained his Outperform rating and $11 price target on J.C. Penney shares.
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