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.
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