J.C. Penney Company, Inc. (JCP) On Track Towards Profitability

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J.C. Penney Company, Inc. (JCP) On Track Towards Profitability
Source: jcp.com/ jcpnewsroom.com

Gilford Securities analyst Bernard Sosnick rates J.C. Penney Company, Inc. (NYSE:JCP) as a Buy as the retailer achieves a more ambitious targeted sales objective for November-December, 2013.

Correcting assortments, closing stores and resuming sales commissions are parts of a return to normalcy. J.C. Penney Company, Inc. (NYSE:JCP) is still at a perilous stage but we expect evidence this spring that it is recovering and anticipate a sizable rally for J.C. Penney shares.

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