UBS raised the firm’s price target on Signet Jewelers to $152 from $128 and keeps a Buy rating on the shares. Signet’s self-help initiatives should lead to sustained sales outperformance, especially as its bridal business turns, the analyst tells investors in a research note. Signet has several levers to deliver solid long-term EPS growth, the firm argues, with UBS forecasting a 13% five year EPS compound annual growth rate.
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- Signet Jewelers price target lowered to $128 from $134 at UBS
