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
- Telsey upgrades Five Below to Outperform on business inflection
- Five Below upgraded to Outperform from Market Perform at Telsey Advisory
- Balanced Hold Rating on Five Below Amid Strong Q2 Performance and Cautious Future Outlook
- Five Below Reports Strong Q2 Growth and Expansion
