Fly News Breaks for February 13, 2017
JCP
Feb 13, 2017 | 08:34 EDT
As previously reported, Morgan Stanley upgraded J.C. Penney to Equal Weight from Underweight. Analyst Kimberly Greenberger said valuation appears more balanced following a 14% decline year-to-date and potential catalysts ahead. The analyst has a new $7 price target, versus $8 previously, and a $12 bull case and $2 bear case values.
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