Savers Value Village initiated with a Buy at Jefferies

Jefferies analyst Randal Konik initiated coverage of Savers Value Village (SVV) with a Buy rating and $29 price target. Savers Value Village, a leading for-profit thrift operator in the U.S. and Canada, reminds the analyst of “adept Value Retail peers” such as TJX (TJX) and Ross Stores (ROST), the firm stated. Savers Value is well-positioned to drive robust top-line growth, maintain its strong margin profile and gain market share over time, the firm contends.