JC Penney: Too Much Credit For Improving Sales?

Yesterday, JC Penney (JCP) “accidentally” released quarterly same-store sales figures, though they looked pretty good. That wasn’t enough to get Wells Fargo’s Paul Lejuez and team to change their view on its shares, however. They explain why: Reuters JC Penney reported (after accidentally leaking) that quarter-to-date (QTD) comps as of 4/11 are up 6% and that [...]