Citigroup Inc. (NYSE:C) analyst Deborah L Weinswig is encouraged by recent managerial changes at J.C. Penney Company, Inc. (NYSE:JCP) but continues a Sell rating on the retailer and a price target over 12 months of $7.
Management changes in J.C. Penney
Internal promotions:
Out of six senior management positions that were filled by J.C. Penney Company, Inc. (NYSE:JCP) recently, five were drawn from the company itself.
Ken Mangone, currently EVP for Product Development, Design and Sourcing, will assume additional responsibility for Supply Chain.
Jan Hodges, who...
