Truist Securities Maintains Buy on Five Below, Lowers Price Target to $201
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a 'Buy' rating on Five Below (NASDAQ:FIVE) but lowered the price target from $222 to $201.

August 31, 2023 | 3:48 pm
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Five Below's price target has been lowered from $222 to $201 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could offset the negative impact of the lowered price target.
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IMPORTANCE 80
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