J.C. Penney Falls Hard Despite Citi Buy Rating and 4 Must-See Stock Analyses
eBay Inc. (NASDAQ:EBAY) Marketplaces should keep improving throughout the year, according to Benchmark Co., and the firm believes that there is potential for a meaningful upside to ebay’s 2013 outlook. The firm reiterates its Buy rating and increases its price target to $58 on the stock.
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J. C. Penney Company, Inc. (NYSE:JCP): Citigroup believes that J.C. Penney’s prototype store seems both inviting and exciting, and the firm claims that the new store format will offer a new and different shopping experience. After the company’s analyst day and shop tour, Citi has decided to keep a Buy rating on the stock. Shares are down over 9% today on heavy stock selling pressure.
Salesforce.com (NYSE:CRM): According to CLSA, Salesforce.com’s Dreamforce event raised its confidence that momentum indicates no signs of abating, and large deals will keep building. Shares have a Buy rating.
Constellation Brands Inc. (NYSE:STZ) price target has been increased by Goldman because of a higher value for Crown. Shares have a Buy rating.
Plains All American Pipeline LP (NYSE:PAA) is believed by Goldman to be in the best positioned MLP due to its Permian growth and higher than average earnings from its supply and logistics business. Shares have a Conviction Buy rating and a $104 price target.
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