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J.C. Penney May Be Wall Street's Comeback Kid and Other #Stocks2Watch

J.C. Penney (NYSE:JCP) | Bon-Ton Stores (NASDAQ:BONT)FOX Business Assignment Editor Jessica MacKenzie says she's watching shares of J.C. Penney (NYSE:JCP).  The shares are rallying 6% after analysts at Citigroup upped the retailer to ‘buy’ from ‘neutral.’ Citi also hiked its price target on the stock to $11 from $7.50.MacKenzie also adds that there is a "connection with Bon-Ton Stores (NASDAQ:BONT)." She writes:Bon-Ton earnings topped estimates, but revenue dropped 9.6% and same-store sales slid 7.3% last quarter.  In addition, Bon-Ton CEO Brendan Hoffman has declined to renew his contract so he will exit next year.  Now comes the interesting part, from WSJ Market Talk: Hoffman, “who has executed several retail turnarounds, has had his name thrown around as a possible CEO for J.C. Penney.”  American Eagle Outfitters (NYSE:AEO)American Eagle Outfitters (NYSE:AEO) revealed a sharp drop in fourth-quarter profits amid discounting, and warned it will likely earn less than Wall Street expect...

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  1. Genting to Spend $3-4B in Push for Las Vegas Empire

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