J.C. Penney & Company, Inc. (NYSE:JCP) has had its stock downgraded to sell from neutral by a UBS analyst today. The company, which is backed by Bill Ackman, has dealt many problems since the activist began trying to turn it around. It is clear that analysts are no longer certain such a job can be accomplished. Stock in J.C. Penney & Company, Inc. (NYSE:JCP) is taking a huge tumble on the news this morning. At the time of writing, the firm’s stock had fallen by 6% to $18 per share. The retail giant has been recovering, and turning around, for…
On This Page
