Baird Initiates Coverage on J.C. Penney (JCP) with a Neutral

June 30, 2009 8:22 AM EDT

Baird initiates coverage on J.C. Penney (NYSE: JCP) with a Neutral rating. Price target $29.

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J. C. Penney Company, Inc. (JCPenney) is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP).


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