Five Below price target raised to $128 from $90 at Telsey Advisory

Telsey Advisory analyst Joseph Feldman raised the firm’s price target on Five Below (FIVE) to $128 from $90 and keeps a Market Perform rating on the shares. The firm is encouraged by the company’s progress in Q1 and have a more constructive view on the stock, but notes visibility remains clouded, especially int he second half of the year due to changes in merchandising, adjustments to pricing, and the impact of tariffs, the analyst tells investors.