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Actionable news in JCP: J.C. PENNEY COMPANY Inc,

J.C. Penney (JCP) Stock Rallies on Expectation Shares Could Double Over Three Years

NEW YORK (TheStreet) -- J.C. Penney (JCP - Get Report) stock is jumping 1.29% to $9.40 in Monday's late morning trading session on anticipation that shares could increase 50% to 100% over the next three years given the company's ongoing improvements, according to Barron's.

In an article published on Saturday, "The turnaround potential is promising," said Chris Terry, a portfolio manager at Hodges Capital, also applauding CEO Marvin Ellison's efforts.

Despite the challenging U.S. retail environment, it appears that the...