Savers Value Village price target lowered to $10 from $11 at Piper Sandler

Piper Sandler analyst Peter Keith lowered the firm’s price target on Savers Value Village (SVV) to $10 from $11 and keeps a Neutral rating on the shares following a solid Q1 print that saw comparable sales, revenue, and EBITDA upside to estimates. All in, Savers is showing steady progress, but profit growth remains a bit sluggish, adds Piper.