Telsey Advisory analyst Joseph Feldman raised the firm’s price target on Five Below (FIVE) to $260 from $240 and keeps an Outperform rating on the shares. The company reported “strong” Q4 results and has indicated Q1 is off to a strong start based on its better-than-anticipated Q1 guidance, the analyst tells investors.
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:
- Micron downgraded, Five Below upgraded: Wall Street’s top analyst calls
- Video: Micron, Alibaba moving lower after earnings
- Morning Movers: Canadian Solar sinks following fourth quarter results
- Five Below price target raised to $296 from $259 at JPMorgan
- Five Below price target raised to $260 from $225 at Guggenheim
