Evercore ISI Group Maintains Outperform on Five Below, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Montani maintains an Outperform rating on Five Below (NASDAQ:FIVE) but lowers the price target from $240 to $230.
March 21, 2024 | 2:12 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Five Below but lowers the price target from $240 to $230.
The adjustment in price target by Evercore ISI Group, while maintaining an Outperform rating, suggests a continued positive outlook on Five Below's performance but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target alongside the maintained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100