Telsey Advisory Group Maintains Outperform on Five Below, Lowers Price Target to $220
Portfolio Pulse from richadhand@benzinga.com
Telsey Advisory Group analyst Joseph Feldman has maintained an 'Outperform' rating on Five Below (NASDAQ:FIVE) but lowered the price target from $225 to $220.

August 31, 2023 | 9:07 am
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Five Below's price target has been lowered from $225 to $220 by Telsey Advisory Group, though the 'Outperform' rating is maintained.
The lowering of the price target could indicate a slightly less optimistic outlook for the company's stock. However, the maintenance of the 'Outperform' rating suggests that the analyst still expects the stock to do better than the market average. This could have a neutral impact on the stock's price in the short term.
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