Replies to post #6941 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Theo]

Upgrade: J.C. Penney Co. Inc. (NYSE: JCP) was raised to Buy from Neutral with a $12 price objective at Merrill Lynch. Shares were indicated up 2.9% at $9.53 on Friday, versus a consensus target price of $11.79. The 52-week range is $6.00 to $11.99.

[Atlanta1]

BoA/Merrill upgraded JCP to a buy with a $12 target