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J C Penney Company Inc Shares Raises Sharply - Reuters


Friday, 1 Nov 2013 02:02pm EDT 

Reuters reported that J.C. Penney Co Inc shares rose sharply on November 01, 2013 after Wall Street firm ITG Investment Research lifted its sales forecast for the department store chain, citing improving sales trends in five of the last seven weeks. ITG analyst John Tomlinson said in a research note that he now expects comparable sales to be down 4% for the third, rather than down 6% in his previous projection. The Company previously reported declines for August and September. 

Company Quote

6.52
0.02 +0.31%
11:54am EST