UBS Downgrades J.C. Penney To Sell, Shares Fall

Analysts at UBS downgraded J.C. Penney Company

from Neutral to Sell. The price target for J.C. Penney has been lowered from $10 to $5. J.C. Penney shares have dropped 9.53% over the past 52 weeks, while the S&P 500 index has surged 11.46% in the same period. J.C. Penney's shares fell 1.69% to $7.00 in pre-market trading.