Analysts at Goldman Sachs downgraded J.C. Penney Company JCP from Neutral to Sell.
The price target for J.C. Penney is set to $5.50.
J.C. Penney shares have dropped 23.50% over the past 52 weeks, while the S&P 500 index has gained 15.27% in the same period.
J.C. Penney's shares fell 5.14% to $7.01 in pre-market trading.
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