Barclays analyst Seth Sigman raised the firm’s price target on Five Below (FIVE) to $211 from $193 and keeps an Equal Weight rating on the shares. The firm says the dollar stores should continue to benefit from “external tailwinds.” However, market expectations “already seem quite high,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FIVE:
- Spotify upgraded, First Solar downgraded: Wall Street’s top analyst calls
- Five Below initiated with an Outperform at KGI Securities
- Five Below price target raised to $260 from $233 at BofA
- Five Below price target raised to $259 from $246 at JPMorgan
- Five Below Announces Executive Departure and Severance Agreement
