J.C. Penney Still Not A Hit With Citigroup

J.C. Penney Company, Inc. (NYSE:JCP) released its earnings report for the three months ended June this morning, and shares have been rising in today’s trading despite the miss on earnings. Despite the rising stock, and some big long interest from hedge funds, some analysts are still not convinced that J.C. Penney is a good bet. Deborah L. Weinswig, an analyst for Citigroup Inc (NYSE:C), rated stock in JCP a Sell in a report released after this morning’s earnings. J.C. Penney Company, Inc. (NYSE:JCP) beat the analyst’s expectations on sales and gross margin, but missed big on earnings. This morning’s market doesn’t…