Evercore ISI Group Upgrades Five Below to Outperform, Raises Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Montani upgraded Five Below (NASDAQ:FIVE) from In-Line to Outperform and increased the price target from $215 to $245.

January 04, 2024 | 11:58 am
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Five Below's stock rating has been upgraded by Evercore ISI Group from In-Line to Outperform, with a raised price target from $215 to $245.
Upgrades by analysts, especially from a reputable firm like Evercore ISI Group, can lead to increased investor confidence and a potential short-term rise in the stock price. The raised price target suggests a positive outlook on the company's future performance, which may influence investors to buy shares, driving up the price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100