JP Morgan Reiterates Overweight and PT of $55 on Signet Jewelers

JP Morgan reiterated its Overweight rating on Signet Jewelers (NYSE: SIG). At the same time, the rating agency left its price target on the company's stock unchanged at $55. On Tuesday, SIG lost 6.13% of its value to end the day at $40.10. Its shares continued to slide in today's pre-market trading, falling 0.15% to stand around $40.04.