Wells Fargo Maintains Equal-Weight on Five Below, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst George Kelly has maintained an Equal-Weight rating on Five Below (NASDAQ:FIVE) and reduced the price target from $200 to $180.
March 21, 2024 | 1:14 pm
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Wells Fargo has maintained an Equal-Weight rating on Five Below and lowered the price target from $200 to $180.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term impact on Five Below's stock price as investors may adjust their expectations based on this new valuation. The maintenance of an Equal-Weight rating suggests that the analyst sees the stock as fairly valued at its current price, but the lowered target indicates a reassessment of its future growth potential or market conditions.
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