Slowing Trends And Slowing Wedding Market Will Impact Signet Jewelers Despite Earnings Beat: Analyst
Portfolio Pulse from Shivani Kumaresan
Signet Jewelers Limited (NYSE:SIG) reported better-than-expected earnings, but Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating with a price target of $85. Slowing trends and a slowing wedding market are expected to impact the company's performance.
June 08, 2023 | 6:33 pm
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Signet Jewelers' earnings beat estimates, but Telsey Advisory Group analyst maintains Market Perform rating with $85 price target due to slowing trends and wedding market.
Signet Jewelers reported better-than-expected earnings, but the analyst remains cautious due to slowing trends and a slowing wedding market. These factors are expected to impact the company's performance in the short term, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100