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JCP

J.C. Penney

$0.57

-0.0294 (-4.90%)

09:16
08/15/19
08/15
09:16
08/15/19
09:16

J.C. Penney says 'got off to a slow start' in Q2

  • 15

    Aug

  • 23

    Sep

JCP J.C. Penney
$0.57

-0.0294 (-4.90%)

11/16/18
11/16/18
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. Home Depot (HD) downgraded to Neutral from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying peak growth has passed. 2. J.C. Penney (JCP) downgraded to Sell from Hold at Argus with analyst John Eade saying he anticipates continued losses for the stock for the next two years while also warning that at a current share price below $2, the company is operating with a more elevated risk. 3. Nvidia (NVDA) was downgraded to Neutral from Buy at B. Riley FBR and to Buy from Conviction Buy at Goldman Sachs. 4. Michael Kors (KORS) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel saying he is "concerned" that ongoing challenges with inventory management and replenishment at the company's namesake brand and softness within fashion watches will weigh on top-line trends and potentially margins, just as management begins the integration of Versace. 5. TSMC (TSM) was downgraded to Equal Weight from Overweight at Morgan Stanley while UMC (UMC) was downgraded to Underweight from Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/19
FBCO
01/09/19
NO CHANGE
FBCO
J.C. Penney looks best positioned to gain share from Sears, says Credit Suisse
Looking at potential near-term same-store sales lift Softlines Retail peers could see from share gains based on proximity to Sears (SHLD) stores amid a possible liquidation, Credit Suisse analyst Michael Binetti says J.C. Penney (JCP) and Burlington Stores (BURL) seem best positioned to gain share in 2019 due to close proximity. And while J.C. Penney looks best positioned to gain share from Sears, the analyst thinks the recent stock run-up is "a short-term bounce." Binetti does not see this as sustainable customer acquisition for J.C. Penney given the increased risk of closing destabilized malls, limited visibility to an improved merchandise strategy, and leverage constraints to growth investing. Overall, the analyst believes that while there may be some near-term share benefit, a Sears liquidation could be a bigger tipping point that will accelerate closures of already weakening U.S. C&D malls.
01/16/19
FBCO
01/16/19
NO CHANGE
Target $50
FBCO
Neutral
Nordstrom price target lowered to $50 from $55 at Credit Suisse
Credit Suisse analyst Michael Binetti lowered his price target for Nordstrom (JWN) to $50 from $55 on weak full-price holiday adding to already clearance filled January. With Nordstrom adding to industry markdown issues, the analyst sees negative reads for J.C. Penney (JCP), Kohl's (KSS), Gap (GPS), but positive for Burlington Stores (BURL), Ross Stores (ROST), and TJX (TJX). Binetti reiterates a Neutral rating on Nordstrom shares.
07/25/19
OPCO
07/25/19
NO CHANGE
Target $390
OPCO
Outperform
Ulta Beauty price target raised to $390 from $370 at Oppenheimer
Oppenheimer analyst Rupesh Parikh raised his price target for Ulta Beauty (ULTA) to $390 from $370 given the company's meaningful overlap with J.C. Penney (JCP) stores that have a Sephora inside and following media reports saying that the latter has hired advisors to explore debt restructuring options. While the company subsequently confirmed that it has not hired advisors for an in-court restructuring or bankruptcy, the analyst points out that he views Ulta Beauty as a potential beneficiary of any store rationalization down the road at J.C. Penney. Parikh says Ulta remains a top pick, and reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

NWL

Newell Brands

$16.34

0.24 (1.49%)

10:45
08/21/19
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10:45
Options
Newell Brands call volume above normal and directionally bullish »

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TGT

Target

$101.72

16.15 (18.87%)

10:41
08/21/19
08/21
10:41
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10:41
Upgrade
Target rating change  »

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10:40
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U.S. benchmark guidance »

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MSGN

MSG Networks

$14.88

-1.97 (-11.69%)

10:36
08/21/19
08/21
10:36
08/21/19
10:36
Downgrade
MSG Networks rating change  »

Evercore ISI downgrades…

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  • 21

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SLNG

Stabilis Energy

$5.01

0.24 (5.03%)

10:34
08/21/19
08/21
10:34
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10:34
Conference/Events
Stabilis Energy to host conference call »

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TGT

Target

$101.73

16.16 (18.89%)

10:32
08/21/19
08/21
10:32
08/21/19
10:32
Upgrade
Target rating change at Wells Fargo »

Target upgraded to…

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USO

United States Oil Fund

$11.79

0.15 (1.29%)

10:31
08/21/19
08/21
10:31
08/21/19
10:31
General news
Crude inventories for week of August 16 »

Crude oil inventories…

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USO

United States Oil Fund

$11.79

0.145 (1.25%)

10:30
08/21/19
08/21
10:30
08/21/19
10:30
Options
$5.8M straddle buy in US Oil ETF »

$5.8M straddle buy in US…

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WW

WW

$28.25

0.01 (0.04%)

10:25
08/21/19
08/21
10:25
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10:25
Options
Weight Watchers call volume above normal and directionally bullish »

Bullish option flow…

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10:25
08/21/19
08/21
10:25
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10:25
General news
Treasury Action: the slight beat in existing home sales didn't really impact »

Treasury Action: the…

10:20
08/21/19
08/21
10:20
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General news
The U.S. July existing home sales report beat estimates »

The U.S. July existing…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
08/21/19
08/21
10:17
08/21/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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BOOM

DMC Global

$42.78

1.375 (3.32%)

10:17
08/21/19
08/21
10:17
08/21/19
10:17
Conference/Events
DMC Global management to meet with Sidoti »

Meeting to be held in…

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  • 26

    Aug

  • 13

    Nov

$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
08/21/19
08/21
10:16
08/21/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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AFL

Aflac

$49.57

-2.29 (-4.42%)

10:15
08/21/19
08/21
10:15
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10:15
Options
AFLAC put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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10:15
08/21/19
08/21
10:15
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10:15
General news
Breaking General news story  »

Week of 8/16 EIA…

HSGX

Histogenics

$0.22

0.0005 (0.23%)

10:14
08/21/19
08/21
10:14
08/21/19
10:14
Hot Stocks
Histogenics merger partner Ocugen granted FDA orphan designation »

Ocugen's treatment…

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CYCN

Cyclerion Therapeutics

$9.59

0.8 (9.10%)

10:12
08/21/19
08/21
10:12
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10:12
Upgrade
Cyclerion Therapeutics rating change  »

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AFL

Aflac

$49.65

-2.21 (-4.26%)

10:11
08/21/19
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Recommendations
Aflac analyst commentary at Evercore ISI »

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CLFD

Clearfield

$10.98

(0.00%)

, WSG

Wanda Sports

$4.12

0.22 (5.64%)

10:10
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Fly Intel: Top five analyst initiations »

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CLFD

Clearfield

$10.98

(0.00%)

WSG

Wanda Sports

$4.12

0.22 (5.64%)

INMB

INmune Bio

$6.30

0.46 (7.88%)

CLGX

CoreLogic

$47.28

0.49 (1.05%)

HUBB

Hubbell

$127.70

(0.00%)

03/08/13
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  • 27

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CREE

Cree

$52.88

-5.31 (-9.13%)

, HA

Hawaiian Holdings

$23.94

-1.5 (-5.90%)

10:10
08/21/19
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Downgrade
Fly Intel: Top five analyst downgrades »

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CREE

Cree

$52.88

-5.31 (-9.13%)

HA

Hawaiian Holdings

$23.94

-1.5 (-5.90%)

CIM

Chimera

$19.52

-0.17 (-0.86%)

SYBX

Synlogic

$3.25

-0.22 (-6.34%)

JAZZ

Jazz Pharmaceuticals

$134.12

-2.42 (-1.77%)

03/08/13
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  • 04

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  • 09

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  • 30

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NOW

ServiceNow

$263.94

8.44 (3.30%)

, EEX

Emerald Expositions Events

$9.73

0.24 (2.53%)

10:10
08/21/19
08/21
10:10
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10:10
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

NOW

ServiceNow

$263.94

8.44 (3.30%)

EEX

Emerald Expositions Events

$9.73

0.24 (2.53%)

PSA

Public Storage

$261.11

0.66 (0.25%)

LSI

Life Storage

$104.00

0.68 (0.66%)

ONDK

On Deck Capital

$3.26

0.025 (0.77%)

RDFN

Redfin

$18.28

0.83 (4.76%)

RMAX

RE/MAX Holdings

$27.38

0.71 (2.66%)

03/08/13
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  • 28

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    Aug

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  • 27

    Oct

  • 13

    Nov

  • 12

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  • 16

    Dec

10:10
08/21/19
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General news
FX Action: The dollar »

FX Action: The dollar…

10:10
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General news
U.S. July existing home sales rebounded 2.5% to 5.420 M »

U.S. July existing home…

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