$JCP Chen, Cowen analyst, comments about JCP and KSS, not bad: Chen, who has Market Perform ratings on both stocks, wrote in a separate note Thursday that these results were near consensus estimates. Efforts to boost sales with discounts and other promotional moves seem to be under control, he said. "Our sense is that sales and margins were in-line with management's expectations," Chen wrote. "Following a tumultuous 2019 as the company worked on building out its senior leadership team, exited major categories, and constructed a plan of attack, we expect to see an improvement in trends in FY20."
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