- Shares of J.C. Penney (JCP +3.9%) are poking out another gain with a note from JPMorgan adding some support to the bull case.
- Though the investment firm concedes sentiment remains very negative on the beat-up retailer, it sees upside in H2 as liquidity concerns are eased and management changes are unveiled at the Fall Analyst Day.
- JCP hasn't traded with a double-digit share price since last November.
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