Movers roundup: J.C. Penney, Best Buy

Movers roundup: J.C. Penney rises on analyst note; Best Buy shares rise on upgrade

Associated Press

Among the stock activity stories for Monday, March 18, from AP Business News:

— J.C. Penney Co.'s shares rallied after an ISI retail analyst suggested the struggling retailer that could put 300 of its top stores into an entity similar to a real estate investment trust. The new entity would have a new nameplate that would sublet to other brands.

— A JPMorgan analyst upgraded Best Buy Co. Inc. to "Overweight," saying the struggling electronics retailer's effort to turn around is starting to pay off.

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