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Fly News Breaks for December 10, 2018
SIG
Dec 10, 2018 | 07:48 EDT
Nomura Instinet Simeon Siegel lowered his price target for Signet Jewelers to $42 saying management on the Q3 earnings call repeatedly stressed the need for promotions given slow moving product coupled with competitor pressure. The analyst remains concerned about Signet's "internal hurdles and external promotional challenges." He keeps a Neutral rating on the shares.
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