Goldman Sachs Maintains Buy on Savers Value Village, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has maintained a Buy rating on Savers Value Village (NYSE:SVV) but has reduced the price target from $29 to $25.
November 10, 2023 | 4:11 pm
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Goldman Sachs reaffirmed a Buy rating on Savers Value Village but lowered the price target to $25, indicating a positive outlook but with reduced expectations.
The maintenance of a Buy rating suggests that Goldman Sachs still sees upside potential in SVV's stock, which could be positive for investor sentiment. However, the reduction in the price target may reflect a tempered outlook on the stock's valuation or expected performance, which could potentially dampen investor enthusiasm in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100