Signet Jewlers Upgraded At Sidoti (SIG)

Signet Jewelers SIG has been upgraded from Neutral to Buy at Sidoti & Company. SIG reported strong second quarter earnings today. During the current trading session, the stock has gained almost 4% to $28.50. SIG has a market cap of $2.44 billion. Signet Jewelers Limited (Signet), formerly Signet Group plc is a specialty retail jeweler by sales, with stores in the United States, United Kingdom, Republic of Ireland and Channel Islands. Signet’s United States division operated 1,361 stores in 50 states at January 30, 2010.