Signet Jewelers price target raised by $12 at BofA, here’s why

BofA analyst Lorraine Hutchinson raised the firm’s price target on Signet Jewelers to $95 from $83 and keeps a Neutral rating on the shares. While the firm said following the Q3 report that it is “encouraged” by Signet’s improving trends, it remains cautious on the sales and margin recovery for next year, the analyst tells investors.