Signet Jewelers price target raised to $98 from $92 at UBS

UBS raised the firm’s price target on Signet Jewelers to $98 from $92 and keeps a Buy rating on the shares. The company’s SIG‘s Q4 underscored its ability to power through a challenging retail environment, the analyst tells investors in a research note. The firm now has increased conviction on Signet’s turnaround sustainability and sees 30% upside in the shares.