Truist Securities Maintains Buy on Five Below, Lowers Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli maintains a 'Buy' rating on Five Below (NASDAQ:FIVE) but lowers the price target from $201 to $195.

October 05, 2023 | 1:00 pm
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NEUTRAL IMPACT
Five Below's price target has been lowered from $201 to $195 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. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100