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Stock Market & Financial Investment News

News Breaks
February 21, 2014
06:18 EDTZLC, SIGSignet Jewelers upgraded to Buy from Neutral at Sterne Agee
Sterne Agee upgraded Signet Jewelers (SIG) citing expectations for meaningful accretion from the company's merger with Zale (ZLC). The firm raised its price target for shares to $120 from $86.
News For SIG;ZLC From The Last 14 Days
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June 25, 2015
06:57 EDTSIGSignet Jewelers weakness a buying opportunity, says Nomura
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05:44 EDTSIGSignet Jewelers pullback a buying opportunity, says Nomura
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June 24, 2015
08:54 EDTSIGSignet Jewelers repeats Q2 adjusted EPS view $1.11-$1.16, consensus $1.15
Sees Q2 SSS up 2%-3%. Sees FY16 CapEx $275M-$325M, effective tax rate 28%-29%, net selling square footage growth 2%-3%. Says company's biggest opportunities for market share remain in the U.s. Sees $150M-$175M in cumulative 3-year operating profit synergies by end of January 2018. Says majority of synergies will be achieved by Zale division. By end of FY18, says Zale division expected to be at 9% operating margin. Says synergies alone will help achieve medium-term operating margin milestone. Comments from slides that will be presented at the company's Institutional Investor Conference.

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