Wells Fargo analyst Ike Boruchow raised the firm’s price target on Signet Jewelers to $110 from $100 and keeps an Overweight rating on the shares. The firm says the Signet Jewelers bull thesis remains fully intact post its Q3 print. A solid quarter and reiterated holiday plan, along with more color on bridal inflection, credit and capital structure give Wells greater confidence in one of its Top Picks into 2024.
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