tiprankstipranks
Trending News
More News >

Five Below price target raised to $135 from $121 at Citi

Citi analyst Paul Lejuez raised the firm’s price target on Five Below (FIVE) to $135 from $121 and keeps a Neutral rating on the shares. The company’s Q1 comps and earnings were slightly ahead of their pre-announced range and Q2 trends have accelerated versus Q1, the analyst tells investors in a research note. The firm now finds more likely that Five Below can move back toward double-digit EBIT margins over time as it scales with vendors in new countries. Citi sees near-term upside to shares, but still views the stock’s risk/reward as more balanced over the next 12 months.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue