Buckingham analyst Jarrod Feinstein downgraded J.C. Penney to Neutral and lowered its price target to $5 from $10 citing lack of visibility into the reacceleration of core comp sales. The analyst said the department store sector continues to face challenges with store traffic with a very promotional environment. Feinstein also notes J.C. Penney shares are trading below $5, which is an important threshold for some institutional investors and could lead to continued pressure on shares. Note Baird and Deutsche Bank also downgraded shares this morning.