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Splunk, Signet, Dollar General Get Upward Estimate Revisions

Susannah Lee
8/29/14 11:32 AM EDT
In Friday's Analysts' Actions, Dollar General gets a $13 price target increase, Duetsche Bank ups its price target for Signet Jewelers' and software maker Splunk also gets a boost. Dollar General's (DG) price target was raised at BMO Capital Markets to $78 dollars from $65 dollars. The firm is maintaining its 'Outperform' rating for the stock. The analysts at BMO believe the proposed acquisition of Family Dollar (FDO) will add more value and other related synergies are positives for the stock. An acquisition back in May is the reason analysts at Deutsche Bank (DB) are upping their price target for Signet Jewelers (SIG) to $125. The analysts there say they see encouraging guidance on Zale's contribution, which Signet acquired. Deutsche Bank has a 'Buy' rating for the stock. Splunk (SPLK) got its price target increased at Barclays (BCS) by a dollar to $52. The firm raised its estimates on higher licensing revenue for the software cloud-services company and has an 'Equal Weight' rating for the stock.
Stock quotes in this video: DG, SIG, DB, BCS, SPLK, ZLC, FDO

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