Wells Fargo raised the firm’s price target on Signet Jewelers (SIG) to $70 from $60 and keeps an Equal Weight rating on the shares. Considering China tariffs being lowered to 30% from 145% and the ramifications this should have on the space, the firm again re-scrubs its models and updates estimates to incorporate all relevant variables at this time.
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Read More on SIG:
- Signet Jewelers initiated with a Buy at CL King
- Signet Jewelers price target lowered to $60 from $70 at Wells Fargo
- Signet Jewelers downgraded to Equal Weight from Overweight at Wells Fargo
- Signet Jewelers CEO guys $861.7K in common stock
- Signet Jewelers’ Earnings Call: Mixed Outlook with Strategic Initiatives