BofA lowered the firm’s price target on Signet Jewelers to $100 from $110 and keeps a Neutral rating on the shares. Following the “softer start” to Q1 and company introducing FY25 guidance, the firm lowered its FY25 and FY26 EPS estimates by 6% and 3%, respectively, adding that it thinks valuation reflects its caution on the sales and margin recovery.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SIG:
- Signet Jewelers Announces Upcoming Leadership Transition
- Signet Jewelers increases quarterly dividend, expands share repurchase program
- Signet Jewelers sees FY25 EPS $9.08-$10.48, consensus $10.57
- Signet Jewelers sees Q1 revenue $1.47B-$1.53B, consensus $1.61B
- SIGNET JEWELERS REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS
