Analysts: J.C. Penney’s Sales Appear Weak and 3 Other Research Notes to Check Out

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J.C. Penney (NYSE:JCP): Maxim downgraded J.C. Penney to Hold from Buy, citing weakness in retail sales and accelerating cash burn. The firm views shares as “extremely risky” due to the current and possible future dilution from last week’s offering.

JCP 20130930

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