Analysts: J.C. Penney’s Loan Eases Pressure and 3 Other Research Notes to Read
J.C. Penney (NYSE:JCP): Credit Suisse finds that the obtained $1.75 billion, real estate-backed loan eases the immediate financial pressure on the retailer, which can now work on fixing its business. It rates the shares Underperform, with a $15 price target.
VF Corp. (NYSE:VFC): DA Davidson finds that the combination of higher than expected Q1 EPS but lower than expected revenue and FY2013 EPS guidance, which the firm believes it can beat, set up the shares to be bought on any weakness. The firm notes numerous upcoming positive catalysts, and rates the shares a Buy.
National Oilwell (NYSE:NOV): Sterne Agee finds the shares undervalued after weaker than anticipated Q1 results, and expects the company’s earnings and cash flow to rise over the next few years. It keeps a Buy rating on the shares.
Covidien (NYSE:COV): Morgan Stanley believes that the yen and Vascular concerns are manageable, and would use the recent weakness as a buying opportunity. It finds the risk/reward ratio to be favorable, and puts an Overweight rating with a $66 price target on the stock.
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