Morgan Stanley Retains Underweight Tag On J.C. Penney
Morgan Stanley (NYSE:MS) retained its ‘underweight’ tag on J.C. Penney Company, Inc. (NYSE:JCP) as the retailer faces multiple challenges including cash flow concerns and market share losses.
Kimberly C. Greenberger and the team at Morgan Stanley (NYSE:MS) remain skeptical of any quick turnaround . . .
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