BofA raised the firm’s price target on Signet Jewelers (SIG) to $78 from $65 and keeps a Neutral rating on the shares. Q1 adjusted EPS of $1.18 beat the firm’s and consensus estimates and guidance was raised, notes the analyst, who is raising the firm’s FY26 and FY27 EPS estimates by 4.2% and 0.5% to $9.07 and $10.97, respectively. However, the firm retains its Neutral rating as it feels valuation fairly reflects the risks to a sales and margin recovery.
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