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Fly News Breaks for October 21, 2015
SIG
Oct 21, 2015 | 17:46 EDT
Wells Fargo initiated coverage on Signet Jewelers with an Outperform rating and a $198-$200 valuation range. Analyst Ike Boruchow also named Signet a top pick in the group and added it the the Priority Stock List. Boruchow believes Signet is a compelling growth story due to its status as a dominant player in mid-tier jewelry, a best-in-class business model, which will drive top-line growth, and opportunities to improve Zales productivity.
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