BTIG: Turnaround at J.C. Penney on track, shares fairly valued

BTIG shifts to a Neutral stance on J.C. Penney (JCP -2.8%) on its view the stock is currently valued fairly by the market.

The investment firm hangs its hat on JCP's 8.5X enterprise multiple to FY16 projections.

Comments from analyst Will Frohnhoefer on the retailer skew to the positive side as the post-Ron Johnson turnaround continues to play out.

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Comments (3)
  • bebopr
    , contributor
    Comments (557) | Send Message
    Thrust forward, slide backward. Where's the commitment to this grand old lady?
    28 Aug 2014, 11:48 AM Reply Like
  • King Rat
    , contributor
    Comments (1898) | Send Message
    Prices are so fairly valued they are priced to perfection?
    28 Aug 2014, 12:24 PM Reply Like
  • Fast Lane
    , contributor
    Comments (900) | Send Message
    this is nonsense, who is BTIG ?? They are coping JPM on neutral.
    Other analyst will be get behind JCP or face the same embarrassment when they play catch up to the action on the stock.
    $15 YE $18 mid 2016
    28 Aug 2014, 05:55 PM Reply Like
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