By: Benzinga
UPDATE: Deutsche Bank Reiterates on J.C. Penney Company as Improving SSS is Offset by GPM Decline
In a report published Tuesday, Deutsche Bank analyst Paul Trussell reiterated a Hold rating on J.C. Penney Company (NYSE: JCP ), but lowered the price target from $12.00 to $6.00. In the report, Deutsche Bank noted, “Two weeks ago, JCP announced that SSS trends improved, with the month of September
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