Signet Jewelers price target raised to $92 from $80 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Signet Jewelers (SIG) to $92 from $80 and keeps a Market Perform rating on the shares. The firm is raising its price target given the raised FY26 outlook, the reorganization being substantially complete, CEO JK Symancyk’s Grow Brand Love strategy gaining traction, and commentary around a resilient consumer, the analyst tells investors. However, the firm remains cautious on the overall macro-consumer environment and its impact on Signet Jewelers’ mass consumer in a rising pricing environment.