Morgan Stanley is Still Waiting for Signs of Turnaround from J.C. Penney
February 27, 2014 at 10:23 AM EST
In a report published Thursday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating and $4.00 price target on J.C. Penney (NYSE: JCP ). In the report, Morgan Stanley noted, “Meeting $2B liquidity guidance at year end alleviated fear of another round of capital raise. But we think 2014
