Jefferies initiated coverage of Signet Jewelers (SIG) with a Buy rating and $102 price target Signet is a leading jewelry and watch retailer in Norh America with robust cash flow generation, the analyst tells investors in a research note. The firm says that while the company’s turnaround is still in its early stages, “encouraging signs” suggest that the strategy is gaining traction. Further, the stock’s current valuation “appears too attractive to overlook,” contends Jefferies.
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