Oppenheimer Downgrades Five Below to Perform, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Nagel downgraded Five Below (NASDAQ:FIVE) from Outperform to Perform and reduced the price target from $235 to $200.
January 30, 2024 | 10:40 am
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Five Below downgraded by Oppenheimer from Outperform to Perform with a price target reduction from $235 to $200.
The downgrade by a prominent analyst like Brian Nagel suggests a less optimistic outlook on Five Below's performance, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100