J.C. Penney in focus

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

A little bit of hedge fund love is going a long way for shares of J.C. Penney (JCP +6.9%).

More than a few buyers are joining Glenview Capital and Kyle Bass in betting on the retailer to see a turnaround.

Goldman Sachs is back in the business of covering the stock, resuming coverage with a Neutral rating and $14 price target. The firm doesn't go too deep with its analysis, saying the JCP story is a "wide risk-reward" that should be watched closely.