Morgan Stanley Maintains Overweight on Five Below, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Five Below (NASDAQ:FIVE) and lowers the price target from $225 to $210.
March 21, 2024 | 4:13 pm
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Morgan Stanley maintains an Overweight rating on Five Below and lowers the price target from $225 to $210.
While the reduction in price target from $225 to $210 could suggest a tempered outlook, the maintenance of an Overweight rating indicates a continued positive view on the stock's potential. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100