Monday, May 2, 2016

J.C. Penney stock could double, says Dallas-based investment firm

J.C. Penney at Collin Creek Mall in Plano on Thanksgiving Day, Nov. 26, 2015.J.C. Penney’s stock price could double over the next three years, according to Dallas-based Hodges Capital portfolio manager Christopher Terry.

“The turnaround potential is promising,” said Terry, who was quoted over the weekend in Barron’s.

Fourth-quarter results, he said, suggest that Penney is taking market share back from its department store rivals.. . . more

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