Signet Jewelers rises after Jefferies raises PT to Street high
Shares of Signet Jewelers SIG.N up about 3% at $90.50
Brokerage Jefferies increases PT to $125 from $102, citing progress from its marketing and merchandising strategies
SIG's focus on digital sales, store remodels and reducing mall exposure under CEO JK Symancyk's turnaround plan should help co post strong Q2 results, brokerage says
SIG reports Q2 on Sept 2
"Signet has been outperforming peers such as Brilliant Earth BRLT.O and Pandora in social media engagement ... underscoring the brand’s growing resonance and effectiveness in digital outreach," brokerage says
New PT is Street high, and reflects 42.3% premium to the stock's last close
Five of nine brokerages rate the stock "buy" or higher, 4 "hold"; their median PT is $92 - data compiled by LSEG
Up to last close, shares up about 9% YTD
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