Savers Value Village is trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $21 to $12.
Portfolio Pulse from Benzinga Newsdesk
Savers Value Village is trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $21 to $12.
July 22, 2024 | 1:41 pm
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NEGATIVE IMPACT
JP Morgan downgraded Savers Value Village from Overweight to Neutral and reduced its price target from $21 to $12, causing the stock to trade lower.
The downgrade from JP Morgan and the significant reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in SVV's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100