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J. C. Penney Company, Inc. (NYSE:JCP): Current price $16.89
After J.C. Penney Company, Inc. reported weaker than expected fourth quarter results, Oppenheimer still thinks that the company will become more profitable over the longer term, but admits that its has not yet shown evidence of a turnaround. Nevertheless, the firm believes that the retailer’s store is improving, and maintains an Outperform rating.
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