Morgan Stanley Upgrades J.C Penny (JCP) to Overweight
More News related to JCP
- Top 10 News Items 11/02-11/06: Unemployment Rate Now Over 10%, Fed to Keep Rates 'Exceptionally Low' for 'Extended Period', Buffett Does the Biggest Deal of His Life
- GE Capital Retail Consumer Finance Extends Consumer Credit Card Program Partnership with JCPenney
- JCPenney Celebrates the Joy of Giving
- Early Retail Movers: PLCE, GPS, JWN, TJX Up; ARO, AEO, KSS, URBN, ANF, JCP, COST Down
- Business Wire Retail Report on October 2009 Retail Sales Figures
Morgan Stanley upgrades J.C Penny (NYSE: JCP) from Equal Weight to Overweight, saying the retailer is most likely to outperform current consensus gross margins expectations in the 2nd half of 2009 and beyond. The firm also said JPC trades at a 24% discount to department store peers.
J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates a network of department stores in the United States, Alaska, and Puerto Rico.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Trader TalkUpgrades
Stocks Mentioned
+0.20Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
