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Rating: JCP
Buy $12

J.c. Penney Company, Inc. Holding Company (NYSE: JCP) upgraded to Buy with price target $12 by Deutsche Bank

Monday,  Aug 31, 2015  1:25 PM ET by Dave Ficere

Deutsche Bank upgraded J.c. Penney Company, Inc. Holding Company (NYSE: JCP) to Buy with
price target $12. Previously Deutsche Bank rated Hold with price target $10 J.c. Penney Company, Inc. Holding Company (NYSE: JCP) on 05/16/2014, when the stock price was $9.73.

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.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.



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