Mizuho raised the firm’s price target on Five Below (FIVE) to $165 from $160 and keeps a Neutral rating on the shares. The company reported “another flawless” quarter with comps up14.3%, the analyst tells investors in a research note. The firm continues to await a better entry point into the shares.
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Read More on FIVE:
- Five Below price target raised to $175 from $150 at Citi
- Five Below price target raised to $132 from $110 at BofA
- Five Below price target raised to $190 from $175 at Wells Fargo
- Five Below price target raised to $160 from $135 at Barclays
- Cautious Outlook on Five Below: Strong Sales Momentum Overshadowed by Potential Earnings Decline and Profitability Challenges