J.C. Penney: A Sell Rating On 10-Q And Loan Doc.

J.C. Penney Company (NASDAQ:JCP) may not be in the midst of the exciting activist battle it was a couple of weeks ago, but the company is the still the target of investment from some big hedge funds. A new report from Citigroup Inc. (NYSE:C) may make some investors question the failing retailer’s future. The report, which was authored by Citigroup Inc. (NYSE:C) analyst Deborah L Weinswig, takes a look at two recent developments at J.C. Penney Company (NYSE:JCP): the company’s 10-Q filing and its Term Loan Document. There little to impress Weinswig in the documents, so she keeps J.C. Penney…