Goldman Sachs Maintains Neutral on Signet Jewelers, Raises Price Target to $109
Goldman Sachs analyst Jon Keypour maintains Signet Jewelers (NYSE:SIG) with a Neutral and raises the price target from $96 to $109.
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Signet Board Expands Remaining Stock Buyback Authorization By ~$385M To Total $700M
Expansion reflects excess liquidity and consistent free cash conversion. After the completion of the anticipated ASR, approximately $575 million in share repurchase authorization would remain.
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