JC Penney Shares Edge Lower as Credit Suisse Increased Q2, Q3 Loss Estimates Amid Concerns with Home Dept. Segment
July 17, 2013 at 12:14 PM EDT
Credit Suisse analyst Michael Exstein reduced his estimates on JC Penney (NYSE: JCP ) Wednesday morning amid recent checks which indicate issues in the company's home department are intensifying management's challenges to boost traffic. The analyst specifically mentioned such household items as the "bed in the bag" and towels. Exstein
