Guggenheim raised the firm’s price target on Five Below (FIVE) to $165 from $155 and keeps a Buy rating on the shares. Most investors expected a “sizable” Q2 beat and “healthy” initial Q3 outlook, but the longer a tariff-related slowdown is side-stepped, the “more confidence builds around a solid, potentially better-than-guided Holiday,” the analyst tells investors in a post-earnings note.
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