With J.C. Penney Company, Inc. (NYSE:JCP)’s management setting the comps/margin bar arguably at high level and with execution risk elevated, Sterne Agee analysts prefer to stay sidelined on the prospects of the retailer. Charles Grom and team at Sterne Agee in their June 25, 2014 report note the biggest risk facing the retailer is their ability to recover the shopper that it lost during the Ron Johnson 2012 experiment. J.C. Penney’s improved traffic After conducting a series of store checks, the Sterne Agee analysts note the J.C. Penney Company, Inc. (NYSE:JCP)’ box has undergone much change over the past 12 months….
J.C. Penney Company, Inc. ‘Conservative Stance For Now’: Sterne Agee
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports