NEW YORK (TheStreet) -- J.C. Penney (JCP) stock has had its price target increased to $10 from $9, UBS said Friday. The firm said its home re-launch drives accelerating sales and GM trends. A "neutral" rating was reiterated.
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----------------------Separately, TheStreet Ratings team rates PENNEY (J C) CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate PENNEY (J C) CO (JCP) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and poor profit margins."
- You can view the full analysis from the report here: JCP Ratings Report
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