UBS Maintains Buy on Five Below, Lowers Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser maintains a Buy rating on Five Below (NASDAQ:FIVE) but lowers the price target from $270 to $245.

March 21, 2024 | 2:51 pm
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NEUTRAL IMPACT
UBS maintains a Buy rating on Five Below but lowers the price target from $270 to $245.
While the Buy rating suggests continued confidence in the company's performance, the reduction in the price target may reflect adjustments in market expectations or valuation models. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100