J.C. Penney Company, Inc. (JCP) To Post Improved Q2 Results

Bernard Sosnick of Gilford Securities anticipates retailer J.C. Penney Company, Inc. (NYSE:JCP) to post improved second quarter performance.

In their follow-up report titled ‘July Clearances: Less Than A Year Ago’, the analyst feels clearer evidence on J.C. Penney Company, Inc. (NYSE:JCP)’s performance would emerge during the second half of 2013. Bernard Sosnick anticipates any improved performance would trigger a rally to take the retailer’s stock from $20 to $25 level.

Reiterating the research firm’s earlier predication in their July 2 report, the analyst notes the gross profit margin for...