Baird Maintains Outperform on Savers Value Village, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mark Altschwager maintains an Outperform rating on Savers Value Village (NYSE:SVV) but lowers the price target from $23 to $21.

May 10, 2024 | 11:18 am
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Baird analyst Mark Altschwager has maintained an Outperform rating on Savers Value Village but reduced the price target from $23 to $21.
The maintenance of an Outperform rating suggests a positive outlook on SVV's performance, indicating confidence in the company's fundamentals. However, the reduction in the price target could reflect a reassessment of near-term growth expectations or market conditions, potentially leading to mixed reactions in the short term. Investors might view the lowered price target as a sign of caution, possibly tempering expectations for rapid growth, but the continued Outperform rating signals underlying strength.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90