Wells Fargo analyst Ike Boruchow lowered the firm’s price target on Signet Jewelers (SIG) to $60 from $70 and keeps an Equal Weight rating on the shares. The firm adjusted ratings in retail cut 2026 earnings estimates well below the Street to reflect current tariff headwinds and assumptions for a mild recession. Both headwinds will begin impacting numbers in the second half of 2025, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIG:
- Signet Jewelers downgraded to Equal Weight from Overweight at Wells Fargo
- Signet Jewelers CEO guys $861.7K in common stock
- Signet Jewelers’ Earnings Call: Mixed Outlook with Strategic Initiatives
- Signet Jewelers price target raised to $89 from $85 at UBS
- Signet Jewelers price target lowered to $80 from $95 at Wells Fargo