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Fly News Breaks for September 12, 2016
SIG
Sep 12, 2016 | 10:30 EDT
Northcoast is more constructive on Signet Jewelers' long-term outlook for investors with a 2-3 year time horizon. The firm's analyst expects Signet to continue to take share and believes we are close to reaching a capitulation in outlook as other analysts continue to cut estimates and downgrade shares. Northcoast believes a conclusion on the strategic review of the credit card portoflio should remove an overhang and the recent Leonard Green investment provides a floor for shares. Northcoast rates Signet Jewelers a Neutral.
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