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Fly News Breaks for June 25, 2015
SIG
Jun 25, 2015 | 05:44 EDT
Nomura sees compelling entry points into Signet Jewelers following the post-analyst day pullback in shares. The firm believes Signet's comments about Zales EBIT and capital returns were likely misunderstood. It points out Zales said it could achieve a 9% EBIT by synergies alone, ignoring improvement in the business. Nomura also remains comfortable with its total potential capital return expectations. It keeps a Buy rating on Signet with a $169 price target.
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