Wells Fargo raised the firm’s price target on Five Below (FIVE) to $170 from $140 and keeps an Overweight rating on the shares. The firm notes Q2 cleared a high bar, as comp strength yielded a 30% EPS beat. The turnaround is accelerating, with self-help gaining steam and tariff pricing elasticity improving, Wells adds. The firm notes guidance looks beatable, especially in Q4.
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Read More on FIVE:
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