Five Below price target raised to $215 from $185 at Jefferies

Jefferies raised the firm’s price target on Five Below (FIVE) to $215 from $185 and keeps a Buy rating on the shares following a “blowout” quarter that the firm contends highlights the company’s nimble, scalable model fueling strong growth. Strong merchandising and supply chain execution are boosting sales and margins, more than offsetting tariffs, says the analyst, who sees more upside as momentum remains “strong,” the team executes and demand stays “robust.”