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Stock impact report

6 Stocks That Could Be Headed for Bankruptcy [Yahoo! Finance News]

JC PENNEY (JCP) 
Last jc penney earnings: 2/27 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jcpenney.com
6 Stocks That Could Be Headed for Bankruptcy These stocks need to perform better. In late September, mall retailer Forever 21 became the latest major U.S. company to succumb to bankruptcy. Despite a booming economy, the retail sector has been under intense pressure from Amazon.com AMZN Frontier Communications Corp. FTR Wireline telecom company Frontier has seemingly been on the brink of bankruptcy all year, but it eased concerns about an imminent filing by making a $320 million debt payment in September. CFRA analyst Keith Snyder says declining subscriber numbers and looming debt payments are a bad combination for Frontier, and he's skeptical of the company's ability to financially navigate the next couple of years. To make matters worse, Frontier shares are now trading near $1, putting the stock at risk of delisting. CFRA has a "strong sell" rating and a price target of 50 cents for FTR stock. J.C. Penney Co. JCP After Sears declared bankruptcy in late 2018, J.C. Penney may be next Show less Read more
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