Savers Value Village shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY23 revenue guidance inline with estimates. Additionally, Baird raised its price target from $27 to $28 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Savers Value Village reported better-than-expected Q2 financial results and issued FY23 revenue guidance inline with estimates. Baird raised its price target from $27 to $28 on the stock, leading to a rise in the company's shares.
August 11, 2023 | 6:07 pm
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POSITIVE IMPACT
Savers Value Village's shares are trading higher after positive Q2 results and FY23 revenue guidance. Baird has also increased its price target on the stock.
The company's better-than-expected Q2 results and FY23 revenue guidance inline with estimates are positive indicators of its financial health, which can boost investor confidence and drive up the stock price. Additionally, Baird's raised price target suggests a positive outlook for the stock, further contributing to the rise in its shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100