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Savers Value Village removed from Analyst Focus List at JPMorgan

JPMorgan removed Savers Value Village from the firm’s Analyst Focus List while keeping an Overweight rating on the name with a $23 price target. The stock is up 50% post the Q3 earnings report while the firm’s work points to an initial fiscal 2024 outlook below consensus, consisting of a second half weighted 3% same-store-sales outlook following a slow start to Q1.

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