BofA analyst Lorraine Hutchinson raised the firm’s price target on Five Below (FIVE) to $110 from $93 and keeps an Underperform rating on the shares. After Q2 sales outperformance drove an EPS beat, the firm is increasing its FY25 and FY26 EPS estimates by 8% to reflect the Q2 beat and a stronger Q3 comp, but finds it “difficult to argue for multiple expansion from here with minimal EPS growth” in FY25 or FY26, the analyst tells investors.
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Read More on FIVE:
- Five Below price target raised to $184 from $160 at UBS
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