Evercore ISI raised the firm’s price target on Five Below (FIVE) to $157 from $150 and keeps an In Line rating on the shares. After Michelle Israel and Daniel Sullivan joined as Chief Merchandising Officer and Chief Financial Officer, respectively, the analyst tells investors that the recent leadership appointments “are a promising move for long-term stability” given that the pair bring “seasoned expertise.”
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Read More on FIVE:
- Five Below Appoints New CFO and CMO
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