Tuesday, June 19, 2012

WSJ (6/19) Penney Ousts President - Downgraded

(JCP) WSJ(6/19) Penney Ousts President Jun 18 at 20:00.


(JCP) J.C. Penney price target lowered to $23 from $28  at BofA/Merrill Jun 19 at 07:19
(JCP) J.C. Penney transformation remains on track, says Citigroup Jun 19 at 06:31
(JCP) J.C. Penney price target lowered to $28 from $32 at RW Baird Jun 19 at 07:52
(JCP) J.C. Penney price target lowered to $26 from $30 at Nomura Jun 19 at 08:36
(BAC) Bank of America: Strength attributed to Bloomberg story on FHFA suggesting
it will limit buyback demands on lenders (Stock Price: 8.08 Change: +0.33) Jun 19 at 10:06



http://www.zerohedge.com/news/jc-penney-president-mike-francis-came-saw-collected-10-million-and-quit-nine-months-later.



Disclosure: Short (JCP) Pre Market

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