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Why Analysts Lowered Their Price Targets for Signet Stock

Why Analysts Lowered Their Price Targets for Signet Stock

The graph below shows how analysts have changed their views on Signet Jewelers (SIG) in the past year. Whereas most analysts were positive on the stock in January 2017, the majority of them have now become neutral, owing to the company’s continued underperformance on the sales and earnings front. The company’s dismal performance is reflected in the steep decline in the company’s target price, as shown in the chart. Several analysts further lowered their target prices for Signet stock following the company’s weak holiday sales results.