Five Below price target raised to $148 from $141 at Truist

Truist raised the firm’s price target on Five Below (FIVE) to $148 from $141 and keeps a Hold rating on the shares. The firm cites the company’s Q2 earnings beat and guidance raise, along with its Q3 momentum, warning however that tougher comps and tariff uncertainty “pose risks”, the analyst tells investors in a research note. Truist adds that it is still pleased with the progress that Five Below is making through bolstering its workforce and optimizing pricing/inventor.