By: Benzinga
JC Penney Drops; Is Bill Ackman's Pershing Square Toast?
Shares of J.C. Penney (NYSE: JCP ) plunged in early trading on Friday after analysts at UBS cut the retailer to a Sell rating from Neutral. UBS also lowered its price target to $13 from $21. J.C. Penney was one of the most disappointing stocks of 2012. It kicked off
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