Signet Jewelers (SIG) PT Raised to $118 at UBS

UBS analyst Mauricio Serna raised the price target on Signet Jewelers (NYSE: SIG) to $118.00 (from $115.00) while maintaining a Buy rating.

The analyst comments "SIG announced preliminary Q4 results on March 9th (link). We therefore think the market will focus on the company's FY27 (CY26) guidance. Our base case is SIG provides in-line FY27 comp sales and EPS outlooks given SIG already noted positive Valentine' Day performance and similar trends continuing into March. This likely keeps the Street's $10.48 EPSe and SIG's P/E near current levels. The upside risk is lower tariffs drive a stronger FY27 EPS outlook, sending Street est. and SIG’s stock higher. The downside risk is management offers a disappointing FY27 guide due to ongoing geopolitical uncertainty. The options market is pricing in a +/- 11.7% jump over the event vs. an +/- 11.0% historical avg. move. We expect less volatility than 11.0%."

You May Also Be Interested In

• MSC Industrial (MSM) PT Raised to $145 at KeyBanc
• United Rentals (URI) PT Raised to $1,300 at UBS on Increased Conviction in Non-Res Rebound
• Neurogene (NGNE) PT Raised to $77 at Leerink