JPMorgan raised the firm’s price target on Five Below (FIVE) to $80 from $57 and keeps a Neutral rating on the shares after the company announced that co-founder Tom Vellios will transition into an advisory role and not stand for reelection to the board, while raising Q1 EPS, same-store sales and net sales growth guidance in conjunction with the announcement. Five Below’s Q1 pre-announcement supports the firm’s recent fieldwork that had been noted in its upgrade of the shares to Neutral on April 7, the analyst noted.
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Read More on FIVE:
- Five Below Raises Q1 2025 Financial Outlook
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