Information Provided By:
Fly News Breaks for March 20, 2018
SIG
Mar 20, 2018 | 07:46 EDT
As previously reported, BofA/Merrill downgraded Signet Jewelers to Neutral from Buy and cut its price target to $43 from $66. Analyst Lorraine Hutchinson said Signet lacks growth visibility near-term and lowered estimates to reflect a weak base business, credit transition issues, and a loss of EBIT from subprime credit outsourcing. Hutchinson said it will take time for new initiatives to be effective and drive comps and notes management expects the credit transition to remain a headwind all year to sales growth.
News For SIG From the Last 2 Days
There are no results for your query SIG