Five Below shares are trading lower after Gordon Haskett downgraded the stock from Buy to Accumulate and lowered its price target from $210 to $200.
Portfolio Pulse from Benzinga Newsdesk
Five Below's stock trades lower following a downgrade by Gordon Haskett from Buy to Accumulate and a reduction in price target from $210 to $200.
April 03, 2024 | 11:39 am
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Five Below's stock experienced a decline after an analyst downgrade and a lowered price target.
Analyst ratings and price target adjustments are significant indicators for investors, influencing stock price movements. The downgrade from 'Buy' to 'Accumulate' by Gordon Haskett, coupled with a reduced price target, suggests a tempered outlook for Five Below, likely leading to short-term negative sentiment among investors.
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