Analysts: J.C. Penney CEO Move Reactions and 2 New Opinions Investors Must Read Now
J.C. Penney (NYSE:JCP): According to Argus, the CEO change at the retailer is a prudent move in light of the company’s need to quickly stabilize the business and its financial position. The firm believes that the experience of Mike Ullman, who replaced Ron Johnson, will help him improve the business. It kept its Buy rating.
However, according to Oppenheimer, J.C. Penney trends could deteriorate further. The firm thinks the move could increase the turmoil at the company. It maintains a $15 price target and a Perform rating on the shares.
Walker & Dunlop (NYSE:WD): JMP Securities believes Walker & Dunlop can meet its full-year origination guidance. That confidence was born from Walker & Dunlop’s announcement that even though its Q1 loan originations had fallen short of expectations, it was keeping its full-year origination guidance. JMP thinks shares are inexpensive, and reiterates an Outperform rating on them.
DSW (NYSE:DSW): The DSW growth story remains intact, according to Susquehanna, which met with the company’s management. The firm believes DSW is well positioned to take market share, improve its margins, and generate significant cash flow. It rates shares as Positive, giving them a $73 price target.
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