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Fly News Breaks for March 15, 2018
SIG
Mar 15, 2018 | 08:06 EDT
RBC Capital analyst Brian Tunick lowered his price target on Signet Jewelers to $38 and kept his Sector Perform rating after the company's disappointing FY19 guidance. Tunick notes that the outlook suggests ongoing declines in comps and margins even though the company offers some visibility into core profitability metrics along with a positive view of growth initiatives and cost savings outlined in the 'transformation' plan.
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