JC Penney Hit With Multiple Downgrades, Chatter of Johnson Exit
March 06, 2013 at 11:25 AM EST
The bad news just keeps on coming for JC Penney (NYSE: JCP ). On February 15, Benzinga reported on Gilford Securities' downgrade of the Plano, Texas-based firm. Then, after finishing far below expectations on the earnings front, JC Penney's stock plunged 17 percent to close out February.
