Goldman Sachs Initiates Coverage On Savers Value Village with Buy Rating, Announces Price Target of $28
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Brooke Roach has initiated coverage on Savers Value Village (NYSE:SVV) with a Buy rating and a price target of $28.
July 24, 2023 | 8:53 am
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Goldman Sachs has initiated coverage on Savers Value Village with a Buy rating and a price target of $28, which could positively impact the stock.
The initiation of coverage by a major investment bank like Goldman Sachs generally brings a stock into focus for many investors. The Buy rating indicates that Goldman Sachs believes the stock will outperform the market, which could lead to increased demand for the stock and potentially drive up its price. The price target of $28 also suggests that Goldman Sachs believes the stock is undervalued at its current price, which could further drive demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100