J.C. Penney Price Target Drops To $7, End Approaching?

Citigroup Inc (NYSE:C) analyst Deborah Weinswig has dropped her price target on J.C. Penney Company, Inc. (NYSE:JCP) shares to $7 in the wake of revelations about the company's deep financial troubles. The report is, as the price target would suggest, not very optimistic about the future of the retailer. Weinswig seems concerned about the company's ability to make it through Christmas comfortably.

J.C. Penney Company, Inc. (NYSE:JCP) is a difficult company to value at this stage because it is difficult to figure out where the bottom on the company's stock is. If the...