UBS analyst Michael Lasser raised the firm’s price target on Five Below (FIVE) to $184 from $160 and keeps a Buy rating on the shares. The company’s fiscal Q2 report “hit on everything the bull case could ask for,” the analyst tells investors in a research note. The firm says Five Below’s guidance shows that its momentum has continued into the current period. UBS believes the stock has more room to move higher.
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Read More on FIVE:
- Sell Rating for Five Below Amidst Growth Concerns and Margin Pressures
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