Credit markets are grossly overstating the credit risk of J. C. Penney Company, Inc. (NYSE:JCP). CDS is at 865bps compared to an Intrinsic CDS of only 253bps, while cash bond YTW is at 10.570% relative to an Intrinsic YTW of 3.900%.
J C Penney Company Inc (NYSE: JCP) shares have gained 3 percent since January 11, amid significant volatility. B. Riley's Jeff Van Sinderen maintained a Buy rating for the company and a price target of $12.50.
Bearish betting isn't anything new for the retail stock. During the past two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), JCP has amassed a put/call volume ratio of 0.68 -- in ...
J C Penney Company logo J C Penney Company Inc (NYSE:JCP) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday, Analyst Ratings Net reports.