Wells Fargo Maintains Overweight on Five Below, Lowers Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst George Kelly has maintained an Overweight rating on Five Below (NASDAQ:FIVE) but lowered the price target from $220 to $205.
August 31, 2023 | 3:00 pm
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Wells Fargo has maintained an Overweight rating on Five Below but lowered the price target from $220 to $205.
The news is directly related to Five Below as Wells Fargo has maintained an Overweight rating on the company but lowered the price target. This could indicate that the analyst still sees potential in the stock but is adjusting expectations due to market conditions or company performance. The impact on the stock price is neutral in the short term as the rating is maintained but the price target is lowered.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100