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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Read More on SIG:
- Signet Jewelers price target raised to $95 from $84 at UBS
- Signet Jewelers price target raised to $78 from $65 at BofA
- Signet Jewelers price target raised to $75 from $70 at Wells Fargo
- Signet Jewelers price target raised to $100 from $85 at Citi
- Balanced Outlook on Signet Jewelers: Hold Rating Amid Strategic Growth and Valuation Concerns
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