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Rating: JCP

J.c. Penney Company, Inc. Holding Company (NYSE: JCP) upgraded to Buy by Buckingham Research

Wednesday,  Jul 22, 2015  10:25 AM ET by Lynn Gilbert

Buckingham Research upgraded J.c. Penney Company, Inc. Holding Company (NYSE: JCP) to Buy. Previously, Buckingham Research rated J.c. Penney Company,
Inc. Holding Company (NYSE: JCP) to Neutral on 09/27/2013, when the stock price was valued at $9.47. Since then, J.c. Penney Company, Inc. Holding Company's stock price has lost 7% as of 07/22/2015's recent price of $8.85.

J.C. Penney Company, Inc. is a major retailer operating in the U.S., Puerto Rico, Mexico and Chile. The company also has majority interest in a Brazilian department store chain. The major portion of the company's business consists of providing merchandise and services to consumers through department stores that include catalog departments. The company markets predominantly family apparel, jewelry, shoes, accessories, and home furnishings. The company also has several direct marketing subsidiaries, the principal of which is J.C. Penney Life Insurance Company.

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