- J.C. Penney ((NYSE:JCP) +5.3%) rallies after being maintained as a Top Pick at Piper Jaffray.
- The investment firm thinks February JCP comps are tracking at 4% or better as the company slowly recoup some of the lost billions of dollars from the pre-Ron Johnson days.
- Piper's price target of $12 on JCP shows plenty of upside and is above the 52-week high of $11.30.