Yes, JC Penney is in a Tough Spot But It’s In a Better Position Than Other Department Stores
May 23, 2016 at 14:29 PM EDT
Miller Tabak's Rick Snyder cut his price target on JC Penney ( JCP ) to $13 from $17 today as he expects the issues that have hammered the likes of Macy's ( M ), Kohl's ( KSS ), Nordstrom ( JWN ) and other department stores will prevent JC Penney from hitting its sales targets. Still, he remains bullish on JC Penney shares. He explains why:
