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.
Claim 30% 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: