By  on April 22, 2013

Myron “Mike” Ullman 3rd found a new believer in the turnaround he's leading as chief executive officer of J.C. Penney Co. Inc.

Bernard Sosnick, retail analyst at Gilford Securities, upgraded the beleaguered retailer’s stock  to “buy” from “neutral” today on the belief that the company is “at an inflection point, moving from danger to a more secure foundation to build upon.”

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