(Updated - April 22, 2013 10:46 AM EDT)

Less than a month after upgraded the stock from Sell to ...

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UPDATE: Morgan Stanley Lowers J. C. Penney (JCP) Price Target to $9 April 23, 2013 8:52 AM 'Building Permits? No Thanks!' - Former JCPenney (JCP) ExecutivesApril 22, 2013 10:27 AM JCPenney (JCP) in Talks for $1B Asset-Backed LoanApril 19, 2013 8:58 AM JCPenney (JCP) Looks to Enter New $500M Secured LoanApril 18, 2013 2:02 PM S&P Comments on JCPenney (JCP) Following Executive Shift, Financing DrawApril 18, 2013 11:21 AM J.C. Penney (JCP) Taps Credit and Avoids 'Very Dilutive' Financing... For NowApril 15, 2013 10:29 AM