Telsey Advisory raised the firm’s price target on Signet Jewelers (SIG) to $80 from $62 and keeps a Market Perform rating on the shares. The company reported sales, gross margin, and SG&A that beat consensus expectations, the analyst tells investors. While the raised FY26 outlook is encouraging, the firm remains cautious on the overall macro-consumer environment in a highly discretionary category and its impact on the company’s mass consumer.
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