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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.

TODAY'S FREE FLY STORIES

NVS

Novartis

$87.21

0.21 (0.24%)

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$42.44

-0.45 (-1.05%)

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CERS

Cerus

$4.33

0.14 (3.34%)

19:39
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XPER

Xperi

$22.85

0.35 (1.56%)

19:26
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Xperi to hold a conference call »

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MDR

McDermott

$7.86

-0.1 (-1.26%)

19:14
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BDRBF

Bombardier

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$24.13

-0.34 (-1.39%)

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Bombardier (BDRBF) says…

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ERJ

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$24.13

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BA

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$335.59

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DAL

Delta Air Lines

$59.93

-0.2 (-0.33%)

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  • 31

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GSBC

Great Southern Bancorp

$52.00

0.45 (0.87%)

19:01
01/23/18
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Earnings
Great Southern Bancorp reports preliminary Q4 EPS 86c, consnesus 83c »

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  • 24

    Jan

UUUU

Energy Fuels

$1.72

0.035 (2.08%)

18:48
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18:48
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Energy Fuels names Mark S. Chalmers president and CEO »

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  • 29

    Jan

18:15
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General news
Breaking General news story  »

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RBS

RBS

$8.46

-0.02 (-0.24%)

18:10
01/23/18
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18:10
Periodicals
RBS plans to leave London headquarters by end of 2019, Reuters reports »

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TROX

Tronox

$21.88

0.07 (0.32%)

18:09
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Tronox files lawsuit to prevent FTC from blocking proposed Cristal acquisition »

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UBNK

United Financial

$17.92

-0.03 (-0.17%)

18:00
01/23/18
01/23
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Hot Stocks
United Financial reports Q4 provision for loan losses $2.3M »

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  • 23

    Jan

UBNK

United Financial

$17.92

-0.03 (-0.17%)

17:59
01/23/18
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17:59
Earnings
United Financial reports Q4 EPS with items 19c, consensus 30c »

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  • 23

    Jan

SPY

SPDR S&P 500 ETF Trust

$283.29

0.6 (0.21%)

, SPX

S&P 500

17:55
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General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

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SPY

SPDR S&P 500 ETF Trust

$283.29

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SPX

S&P 500

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HESM

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GWB

Great Western

$44.29

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ARAY

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$5.20

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UAL

United Continental

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NAVI

Navient

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CREE

Cree

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COF

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SIGM

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FPRX

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SBBP

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UAL

United Continental

$77.97

1.11 (1.44%)

17:25
01/23/18
01/23
17:25
01/23/18
17:25
Earnings
United Continental sees FY18 EPS $6.50-$8.50, consensus $6.97 »

Sees FY18 CapEx…

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17:25
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Conference/Events
The Chicago Council on Global Affairs to hold a panel discussion »

The Chicago Council on…

MULE

MuleSoft

$25.08

-0.31 (-1.22%)

17:21
01/23/18
01/23
17:21
01/23/18
17:21
Initiation
MuleSoft initiated at Nomura Instinet »

MuleSoft initiated with a…

03/08/13
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  • 15

    Feb

MDB

MongoDB

$28.83

0.02 (0.07%)

17:19
01/23/18
01/23
17:19
01/23/18
17:19
Initiation
MongoDB initiated at Nomura Instinet »

MongoDB initiated with a…

03/08/13
Wedge Partners
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UAL

United Continental

$77.97

1.1 (1.43%)

17:19
01/23/18
01/23
17:19
01/23/18
17:19
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United sees FY19 and FY20…

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  • 23

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    Mar

UAL

United Continental

$77.97

1.1 (1.43%)

17:18
01/23/18
01/23
17:18
01/23/18
17:18
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United sees FY18 CASM…

03/08/13
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  • 23

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    Mar

APTI

Apptio

$24.39

0.02 (0.08%)

17:17
01/23/18
01/23
17:17
01/23/18
17:17
Initiation
Apptio initiated at Nomura Instinet »

Apptio initiated with a…

03/08/13
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Citigroup
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  • 05

    Feb

VMW

VMware

$137.96

1.27 (0.93%)

17:16
01/23/18
01/23
17:16
01/23/18
17:16
Initiation
VMware initiated at Nomura Instinet »

Nomura starts VMware with…

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