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Fly News Breaks for November 25, 2015
SIG
Nov 25, 2015 | 08:13 EDT
After Signet reported lower than expected Q3 EPs and comp sales, RBC Capital notes that the company indicated that sales trends have improved in Q4. The firm remains upbeat on the stock due to the company's status as the number one jewelry retailer and its belief that the company should deliver approximately 20% EPS growth CAGR over the next few years. RBC keeps a $160 price target and Outperform rating on the name.
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