Savers Value Village initiated with an Outperform at Baird

Baird analyst Mark Altschwager initiated coverage of Savers Value Village with an Outperform rating and $27 price target. Savers Value is the largest for-profit thrift operator in the U.S. and Canada, the analyst tells investors in a research note. The firm believes company’s “differentiated” market position, “superior” shopping environments and operational capabilities., and consistent comps yield an attractive overall investment profile.