Signet Jewelers price target raised to $90 from $75 at Wells Fargo

Wells Fargo raised the firm’s price target on Signet Jewelers (SIG) to $90 from $75 and keeps an Equal Weight rating on the shares. Another comp beat and better margins highlight the company’s second strong quarterly print in a row, which the analyst calls “compelling.” The beat combined with quarter-to-date momentum and a cautious holiday plan are setting Signet up for “ongoing success,” says the analyst, who adds that the material headwind India tariffs could create is “the key negative” from today’s report.