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Fly News Breaks for June 7, 2019
SIG
Jun 7, 2019 | 09:37 EDT
BofA Merrill Lynch analyst Lorraine Hutchinson lowered her Q2 through Q4 EPS estimates for Signet Jewelers following management's lowering of the high-end of their FY20 EPS guidance, reducing her price target on the shares to $20 from $30. The analyst, who now models EPS to decline 7% year-over-year in the second half as comps decline through the remainder of the year, keeps a Neutral rating on Signet shares.
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