Retail Stock News: J.C. Penney Company Inc (NYSE: JCP), American Eagle Outfitters (NYSE: AEO)

Category: Companies / Mar 11, 2014 10:25AM EDT

J.C. Penney Company, Inc. (NYSE: JCP) shares rose 8.43 percent to $9.13 in early trading on Tuesday, after Citi upgraded the department-store chain to a "buy" from "neutral" with a price target of $11.

American Eagle Outfitters (NYSE: AEO) shares fell 6.33 percent to $13.31 percent after the teen-apparel retailer forecast current-quarter earnings below Wall Street estimates.

The Dow Jones industrial average fell 3.20 points, or 0.02 percent, at 16,415.48. The S&P 500 Index was down 0.32 points, or 0.12 percent, at 1,876.92. The Nasdaq Composite Index rose 5.56 points, or 0.13 percent, at 4,340.01.