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 Gilford Securities Issues Research Report on J.C. Penny (JCP)- Gilford Securities Issues Research Report on J.C. Penny (JCP)
- February 28, 2013
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Gilford Securities, a full-service investment firm, headquartered in New York City, announced a change in recommendation on J.C. Penney (JCP) downgrading their previous Neutral rating to a Sell rating in a research report issued to clients.
The Gilford Securities analyst noted, "Absent the unlikely prospect of positive results reported for 4Q/12 and rosy outlook for 1Q/13, the downside risk for the stock has increased. Johnson's plan to improve the ambiance in the stores has become tied up in knots by sales per square foot that are too low, an expense ratio that is too high and insufficient cash flow that jeopardizes roll outs of shops and technology. Time and money may run out on him."
Commenting further on additional reasons ...
- View more at: http://www.1888pressrelease.com/gilford-securities-issues-research-report-on-j-c-penny-jcp-pr-458038.html
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