Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Theo]

Oh looky! and yet ANOTHER analyst joins the party LOL!!!!

J C Penney Company Inc (JCP) Now Covered by Analysts at Miller Tabak

Analysts at Miller Tabak initiated coverage on shares of J C Penney Company Inc (NYSE:JCP) in a research note issued on Tuesday, Analyst Ratings Net reports. The brokerage set a “buy” rating and a $17.00 price target on the department store operator’s stock. Miller Tabak’s price target points to a potential upside of 45.55% from the company’s previous close.

Several hedge funds have recently made changes to their positions in the stock. Lebenthal Holdings LLC raised its stake in shares of J C Penney Company by 27.6% in the fourth quarter. Lebenthal Holdings LLC now owns 539,246 shares of the department store operator’s stock valued at $3,591,000 after buying an additional 116,611 shares during the period. Alpha Windward raised its stake in shares of J C Penney Company by 14.0% in the fourth quarter. Alpha Windward now owns 60,689 shares of the department store operator’s stock worth $404,000 after buying an additional 7,469 shares during the period. Boston Advisors raised its stake in shares of J C Penney Company by 396.4% in the fourth quarter. Boston Advisors now owns 831,270 shares of the department store operator’s stock worth $5,536,000 after buying an additional 663,800 shares during the period. Assetmark bought a new stake in shares of J C Penney Company during the third quarter worth about $0. Finally, Engineers Gate Manager LP raised its stake in shares of J C Penney Company by 387.9% in the fourth quarter. Engineers Gate Manager LP now owns 901,155 shares of the department store operator’s stock worth $6,002,000 after buying an additional 716,451 shares during the period.