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PennyStockInvestor

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PennyStockInvestor

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Friday, 10/25/2013 2:49:23 AM

Friday, October 25, 2013 2:49:23 AM

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J.C. Penney stock target: $1

Is J.C. Penney on the path toward becoming a penny stock?

On Monday, Imperial Capital analyst Mary Ross-Gilbert slashed her price target on J.C. Penney shares to just $1, down from a previous target of $5, amid growing concern over whether the troubled retailer is headed toward bankruptcy.

http://money.cnn.com/2013/10/21/investing/jc-penney-stock-1/
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