Analysts: J.C. Penney is Too Expensive and 2 Other Research Notes To Look At

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J.C. Penney (NYSE:JCP): Maxim is holding off on considering J.C. Penney a turnaround play, and says that the stock remains too expensive at its current levels. Costs associated with borrowings and discounting are not yet priced into the shares, and it maintains a Sell rating on the stock with a $10 price target.

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