Odd call, Barron's says of Morgan Stanley's upgrading J.C. Penney (JCP +2.3%) to Overweight,...

|By:, SA News Editor
Odd call, Barron's says of Morgan Stanley's upgrading J.C. Penney (JCP +2.3%) to Overweight, given that highly-regarded President and Chief Merchandising Officer Ken Hicks surprised investors Thursday by saying he's leaving JCP to join Foot Locker (FL). Barron's take: avoid the stock.