- J.C. Penney (JCP +5%) is riding higher after Buckingham Research weighs in on the department store operator.
- The investment firm upgrades shares to a Buy rating from Neutral and assigns a lofty price target of $12.
- Shares of JCP have popped over $9 on five separate occasions this year only to fall back each time.
- Separately, J.C. Penney added Mandy Ginsberg to the board. Ginsberg is the CEO of The Princeton Review and ex-CEO of Match.com. She brings some serious e-commerce chops to the board.