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 of the retailer, following poor quarterly results. J.C. Penney Company, Inc. (NYSE:JCP) posted far worse than expected second quarter results logging a net loss of $2.66 per share. However, the department store chain highlighted major areas of progress in its restructuring efforts. Sales and margin recovery slower Kimberly C. Greenberger and team at Morgan Stanley (NYSE:MS) however feel the pace of sales…
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