BUY SIGNAL : J.C. Penney Company, Inc. (Public, NYSE:JCP)

J.C. Penney Company Inc. (JCP) said it expects second quarter earnings of $0.10 to $0.13 per share and fiscal earnings of approximately $1.64 per share. The company's previous guidance was for fiscal year earnings of $1.55 per share. The current consensus earnings estimate is $0.14 per share for the quarter ending July 31, 2010 and earnings of $1.65 per share for the year ending January 31, 2011.

Analysts' Targets
Citigroup	$45
Buy
Thursday, March 18, 2010 Description J. C. Penney Company, Inc. (JCPenney) is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company is a retailer, operating 1,108 JCPenney department stores in 49 states and Puerto Rico as of January 30, 2010. Its business consists of selling merchandise and services to consumers through its department stores and Direct (Internet/catalog) channels. JCPenney sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings. In addition, its department stores provide with services, such as styling salon, optical, portrait photography and custom decorating. http://www.jcpenney.net/default.aspx http://news.stockselector.com/newsarticle.asp?symbol=JCP&article=139661536 http://news.stockselector.com/analysts.asp?symbol=JCP http://www.reuters.com/finance/stocks/overview?symbol=JCP http://www.reuters.com/finance/stocks/analyst?symbol=JCP