Evercore ISI Group Maintains In-Line on Five Below, Lowers Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Montani maintains an 'In-Line' rating on Five Below (NASDAQ:FIVE) but lowers the price target from $205 to $195.
August 31, 2023 | 1:08 pm
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Five Below's price target has been lowered from $205 to $195 by Evercore ISI Group, though the 'In-Line' rating is maintained.
The lowering of the price target by Evercore ISI Group could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. However, the maintenance of the 'In-Line' rating suggests that the stock is expected to perform similarly to other stocks in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100