Morgan Stanley reiterates its dour Underweight rating on J.C. Penney (JCP), noting the retailer...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

Morgan Stanley reiterates its dour Underweight rating on J.C. Penney (JCP), noting the retailer is still at risk of not meeting FY13 estimates with its business on shaky ground. JCP investors can circle February 27th on their calendar with Q4 earnings slated to be released followed by a streaming webcast with CEO Ron Johnson and CFO Ken Hannah during which the rah-rah rhetoric may be challenged more deeply by analysts.