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JCP

J.C. Penney

$3.53

0.055 (1.59%)

15:09
02/13/18
02/13
15:09
02/13/18
15:09

J.C. Penney to shutter Wisconsin facility, cut 670 jobs, CNBC says

J.C. Penney is closing one of its distribution centers in Wauwatosa, Wisconsin, cutting 670 jobs in the process, CNBC reports, citing a spokesman for the company. Later this summer, the retailer will start winding down operations in Wauwatosa as part of its ongoing effort to "align our supply chain network and customer care operations with the future needs" of the company, the report says. Reference Link

JCP J.C. Penney
$3.53

0.055 (1.59%)

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

PAGS

PagSeguro Digital

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  • 22

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APLS

Apellis

$21.75

-0.2 (-0.91%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$274.75

0.47 (0.17%)

16:50
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SPX

S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$274.75

0.47 (0.17%)

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THRM

Gentherm

$38.20

-0.75 (-1.93%)

16:45
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MGTX

MeiraGTx

$11.86

-0.97 (-7.56%)

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MDT

Medtronic

$86.80

0.51 (0.59%)

16:39
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  • 22

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FOXA

21st Century Fox

$48.59

0.25 (0.52%)

, FOX

21st Century Fox

$48.28

0.31 (0.65%)

16:35
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21st Century Fox extends CFO John Nallen's employment contract to 2021 »

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FOXA

21st Century Fox

$48.59

0.25 (0.52%)

FOX

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FENC

Fennec

$10.97

0.5 (4.78%)

16:34
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SBBP

Strongbridge Biopharma

$6.20

-0.15 (-2.36%)

16:33
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  • 25

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16:30
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Options
Preliminary option volume of 16.8M today »

Preliminary option volume…

COOL

PolarityTE

$38.91

-0.09 (-0.23%)

16:28
06/22/18
06/22
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16:28
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PolarityTE to hold a meeting »

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  • 25

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NOG

Northern Oil and Gas

$2.74

0.09 (3.40%)

16:25
06/22/18
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16:25
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Breaking Syndicate news story on Northern Oil and Gas »

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NOG

Northern Oil and Gas

$2.74

0.09 (3.40%)

16:23
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SNH

Senior Housing

$18.19

0.29 (1.62%)

16:21
06/22/18
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Syndicate
Breaking Syndicate news story on Senior Housing »

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AAWW

Atlas Air

$73.45

-0.5 (-0.68%)

16:21
06/22/18
06/22
16:21
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Conference/Events
Atlas Air to host analyst day »

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  • 25

    Jun

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    Sep

SPY

SPDR S&P 500 ETF Trust

$274.75

0.47 (0.17%)

, USO

United States Oil Fund

$14.02

0.71 (5.33%)

16:20
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Weekly CFTC Commitment of Traders highlights »

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SPY

SPDR S&P 500 ETF Trust

$274.75

0.47 (0.17%)

USO

United States Oil Fund

$14.02

0.71 (5.33%)

GLD

SPDR Gold Trust

$120.33

0.27 (0.22%)

FXE

Euro Currency Trust

$111.91

0.42 (0.38%)

FXC

CurrencyShares Canadian Dollar Trust

$74.31

0.15 (0.20%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
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DFS

Discover

$73.38

0.36 (0.49%)

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SRNE

Sorrento Therapeutics

$6.55

0.4 (6.50%)

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NFLX

Netflix

$411.09

-4.39 (-1.06%)

16:18
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  • 16

    Jul

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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DIS

Disney

$106.37

0.48 (0.45%)

, FOX

21st Century Fox

$48.28

0.31 (0.65%)

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DIS

Disney

$106.37

0.48 (0.45%)

FOX

21st Century Fox

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FOXA

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$48.59

0.25 (0.52%)

CMCSA

Comcast

$33.82

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CMCSK

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$0.00

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CIT

CIT Group

$51.38

0.51 (1.00%)

CMA

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$95.38

-0.62 (-0.65%)

ZION

Zions Bancorp

$55.48

-1.04 (-1.84%)

GS

Goldman Sachs

$225.90

-1.13 (-0.50%)

MS

Morgan Stanley

$48.84

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RHT

Red Hat

$142.23

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AMZN

Amazon.com

$1,715.07

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WSC

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$15.25

3.15 (26.03%)

KMX

CarMax

$80.20

9.15 (12.88%)

CDNA

CareDx

$13.00

-1.6 (-10.96%)

NTR

Nutrien

$53.71

0.965 (1.83%)

BB

BlackBerry

$10.68

-1.015 (-8.68%)

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  • 22

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XSPA

XpresSpa

$0.41

-0.02 (-4.65%)

16:16
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XpresSpa CFO Anastasia Nyrkovskaya resigns to pursue other opportunities »

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NOG

Northern Oil and Gas

$2.74

0.09 (3.40%)

16:16
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Breaking Syndicate news story on Northern Oil and Gas »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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NYSE market internals summary »

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