Piper Sandler Maintains Overweight on Savers Value Village, Lowers Price Target to $24-Report released on 9th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith has maintained an Overweight rating on Savers Value Village (NYSE:SVV) but reduced the price target from $30 to $24, as reported on November 9, 2023.
November 10, 2023 | 4:53 pm
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Piper Sandler has maintained an Overweight rating on Savers Value Village but lowered the price target from $30 to $24.
The reduction in price target by Piper Sandler, while maintaining an Overweight rating, suggests that the analyst sees potential in Savers Value Village but acknowledges near-term challenges or valuation adjustments that could pressure the stock price in the short term. Investors may react to the lowered price target by adjusting their expectations and potentially driving the stock price down.
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