Five Below price target raised to $128 from $112 at Truist

Truist raised the firm’s price target on Five Below (FIVE) to $128 from $112 but keeps a Hold rating on the shares. The company’s Q1 results were “strong” and its Q2 was off to an even better start, though while Five Below’s first half has been far better than initially expected, tariffs are an even bigger earnings drag to margins and flow through in the second half of the year, the analyst tells investors in a research note. Truist warns that sales trends will slow in the second half as comparisons become more difficult, with tariffs still posing a significant earnings risk.