"Piper Jaffray reiterates Top Pick rating on J.C. Penney (NYSE:JCP) and bumps price-target by $1 to $20. We continue to rate shares of JCP with an Overweight rating and view the stock as our top pick in 2016 in the belief that a turnaround is unfolding at J.C. Penney while two-thirds of the analysts' ratings remain Neutral or Sell, and one-third of the shares are short (read: negative sentiment)"
Those short are paying dearly- was obvious today... ;-)
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