Signet Jewelers price target lowered to $87 from $105 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Signet Jewelers to $87 from $105 and keeps a Market Perform rating on the shares. The company delivered a “solid start” to FY25, with Q1 operating income slightly ahead of the market’s expectations, the analyst tells investors. Overall, the firm remains cautious on the stock given its uncertain macro environment and its impact on the company’s mass consumer.