Signet Jewelers (SIG) PT Raised to $150 at Jefferies

Jefferies analyst Randal Konik raised the price target on Signet Jewelers (NYSE: SIG) to $150.00 (from $130.00) while maintaining a Buy rating.

The analyst comments "LGDs have flipped from a headwind to a tailwind for SIG, igniting an inflection in growth and earnings. LGDs are the catalyst enabling SIG to expand assortments, drive higher AURs through trade-up behavior, and accelerate fashion jewelry sales, positioning SIG to outpace category growth. This is a top pick with a setup for upside surprise and momentum through F28."

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