JPMorgan upgraded Five Below (FIVE) to Overweight from Neutral with a price target of $186, up from $154, ahead of the Q3 report. The firm sees the company’s multi-year earnings growth hitting at least low double-digits, supported by high-single-digit unit growth expansion and low-single-digit comps. Five Below’s recent initiatives to improve product, marketing and store experience should support consist net same-store-sales growth, contends JPMorgan.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FIVE: