Food Industry
Industry: Email Alert RSS FeedPenney gets "buy" recommendation
MMR, Jan 14, 2002
PENNEY GETS "BUY" RECOMMENDATION: JP Morgan retail analyst Shari Eberts started coverage of J.C. Penney Co. with a "buy" rating, citing improved operating performance at the company's Eckerd drug chain and a shift to centralized merchandising that is driving better sales at the company's department stores.
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Eberts expects near-term results at both divisions to show strength relative to their sectors.
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