Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
CLSA initiated coverage on Signet Jewelers (NYSE: SIG) with an Outperform rating and an $87 target price. Analyst Rick Patel cites three key reasons for his positive rating:
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
- He sees the potential sale of Signet's credit portfolio or the company finding a potential partner as a potential catalyst for growth.
- The company's market share in a resilient industry.
- Zale-related synergy's margin tailwinds.
"We see Signet as a good long-term story with low expectations," said Patel, "which is why we lean positive, but we don't expect much near-term upside given the difficult backdrop."