BofA analyst Lorraine Hutchinson raised the firm’s price target on Five Below (FIVE) to $158 from $132 and keeps an Underperform rating on the shares after the company raised its Q4 and fiscal year sales and earnings outlook. To reflect the stronger sales, the firm is raising its FY25 and FY26 EPS estimates by 9% and 10%, respectively, but adds that it expects earnings growth to decelerate and the multiple to compress if comp growth normalizes, leading the firm to retain its Underperform rating.
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