SIG Group downgraded to Hold from Buy at Jefferies

Jefferies downgraded SIG Group (SCBGF) to Hold from Buy with a price target of CHF 13.20, up from CHF 12. The firm, which expects SIG to confirm its 2026 sales and EBIT margin guidance, says it “needs proof points” SIG will take out costs, be disciplined on capex, dispose non-core assets and rebuild conviction in delivering sales.