Form 8-K SIGNET JEWELERS LTD For: Sep 02

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Go back to Form 8-K SIGNET JEWELERS LTD For: Sep 02

Signet Jewelers (SIG) PT Raised to $80 at Wells Fargo

September 2, 2021 3:38 PM EDT

Wells Fargo analyst Ike Boruchow raised the price target on Signet Jewelers (NYSE: SIG) to $80.00 (from $70.00) while maintaining a Equal Weight rating.

The analyst commented, "Following in the footsteps of many of its retail brethren, SIG reported a very strong 2Q beat while raising their outlook well above the Street. There were few holes to poke in the print, though 2H guidance appears very conservative. That said, management continues to execute at a very high level--SIG is driving more sales with fewer stores, improving inventory turns and despite tough compares and B&M re-opening,... More