Savers Value Village price target lowered to $25 from $31 at Loop Capital

Loop Capital analyst Anthony Chukumba lowered the firm’s price target on Savers Value Village to $25 from $31 and keeps a Buy rating on the shares. While Savers Value Village’s Q3 results missed expectations, there were plenty of positives in the quarter, including nearly 4% comparable store sales growth, improved sales yield, and YoY EBITDA margin expansion, the analyst tells investors in a research note. The firm believes the selloff, which follows continued weakness over the past several weeks, is vastly overdone.