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

Piper Sandler raised the firm’s price target on Savers Value Village (SVV) to $11 from $10 and keeps a Neutral rating on the shares. The company posted solid December quarter preliminary results, the analyst tells investors in a research note. The firm says Savers showed solid sequential improvement from Q3, and appears to have gotten tighter with competitive pricing particularly in Canada.