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JCP

J.C. Penney

$3.40

0.26 (8.28%)

10:40
12/26/17
12/26
10:40
12/26/17
10:40

In the money put buyers in JC Penney

In the money put buyers in JC Penney. 10K Dec 39th 3.5s trade for 21c, opening. 10.6K trade total. Separately, 5K Jan 3.5 puts for 37c, possibly closing. More than 10K trade at that strike as well. Total volume is 6.8K calls and 23K puts. The interest in JCP puts comes as shares add 25c to $3.39 on increasing volume of 9.1M shares, as retailers (XRT) reach 52-week highs on optimism about 2017 holiday sales results.

JCP J.C. Penney
$3.40

0.26 (8.28%)

10/30/17
10/30/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. General Motors (GM) downgraded to Sell from Neutral at Goldman Sachs with analyst David Tamberrino saying his price target of $32 offers 28% potential downside. The analyst continues to believe the North America auto cycle has peaked and he remains cautious on the sector. 2. Merck (MRK) downgraded to Hold from Buy at SunTrust and to Equal Weight from Overweight at Morgan Stanley, as well as Barclays. 3. J.C. Penney (JCP) downgraded to Sell from Neutral at Citi, to Neutral from Buy at Northcoast, and to Neutral from Positive at Susquehanna. 4. Macy's (M) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying the retailer's sales and margins have been pressured for several years, and J.C. Penney's weak third quarter preannouncement on Friday serves as reminder of just how challenging the department store space is. 5. Under Armour (UAA, UA) downgraded to Underperform from Neutral at BofA/Merrill with analyst Robert Ohmes saying he expects management to lower fourth quarter guidance on its Q3 conference call due to the highly promotional environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/13/17
SBSH
11/13/17
NO CHANGE
Target $1.5
SBSH
Sell
J.C. Penney quarter raises several concerns, says Citi
Although the better than expected sales in J.C. Penney's Q3 led to a short squeeze, the quarter raised several concerns, Citi analyst Paul Lejuez tells investors in a post-earnings research note. Transactions were still down even with all the promotions and higher penetration of credit in appliances is a risk, the analyst contends. Further, he believes the comp boost from appliances is likely to slow meaningfully in Q4. Lejuez continues to believe Penny's "high amount of debt on the business leaves little value left for equity holders." He keeps a Sell rating on the shares with a $1.50 price target.
11/30/17
COWN
11/30/17
NO CHANGE
Target $4
COWN
Market Perform
J.C. Penney taking steps toward a comeback, says Cowen
Cowen analyst Oliver Chen met with J.C. Penney and said he is confident the company's liquidity, its multi-year ability to drive free cash flow, and controlled capital expenditures will mitigate some risk. He likes management's simplification of marketing, its value messaging and execution, and leveraging of non-apparel categories, which should drive greater consistency in traffic and growth. Chen maintains his Market Perform rating and $4 price target on J.C. Penney shares as he looks for visibility on greater consistency in traffic trends.
12/22/17
MSCO
12/22/17
NO CHANGE
MSCO
TJX stands to benefit from Bon-Ton closures, says Morgan Stanley
After analyzing which department stores and off-price retailers have the greatest overlap with troubled retailer Bon-Ton Stores (BONT), Morgan Stanley analyst Kimberly Greenberger found that over 40% of Bon-Ton's have a TJX (TJX) concept within a one mile radius and she sees it as the retailer that could benefit the most from a Bon-Ton liquidity event. Though Sears (SHLD) has the greatest overlap overall, there is no evidence to suggest it, nor Kohl's (KSS) and J.C. Penney (JCP), have been able to capitalize on Bon-Ton's struggles so far, added Greenberger.

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MYOK

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LOW

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$85.74

-1.63 (-1.87%)

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-1.44 (-1.87%)

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CDAY

Ceridian

$34.31

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RMTI

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$5.94

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AMZN

Amazon.com

$1,582.10

-3.45 (-0.22%)

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CTRP

Ctrip

$43.46

0.48 (1.12%)

, HPE

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CTRP

Ctrip

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0.48 (1.12%)

HPE

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MET

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RRGB

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-2.9 (-4.78%)

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URBN

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0.0211 (4.13%)

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EADSY

Airbus

$0.00

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QTNA

Quantenna Communications

$14.94

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ALGT

Allegiant Travel

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EA

Electronic Arts

$132.18

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POOL

Pool Corp.

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RRGB

Red Robin

$57.80

-2.9 (-4.78%)

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BGS

B&G Foods

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CTRP

Ctrip

$43.46

0.48 (1.12%)

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CTRP

Ctrip

$43.46

0.48 (1.12%)

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PLBC

Plumas Bancorp

$28.00

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CTRP

Ctrip

$43.46

0.48 (1.12%)

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  • 05

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CRIS

Curis

$0.53

0.0211 (4.13%)

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TCS

Container Store

$8.23

0.68 (9.01%)

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