Evercore ISI Group Maintains Outperform on Five Below, Lowers Price Target to $225
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 $230 to $225.
April 16, 2024 | 2:48 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Five Below but lowers the price target from $230 to $225.
The adjustment in price target by Evercore ISI Group, while maintaining an Outperform rating, suggests a slight moderation in the short-term growth outlook for Five Below. However, the continued positive rating indicates an overall optimistic view on the company's fundamentals. This could lead to mixed reactions in the market, with the lowered price target potentially causing some short-term negative sentiment, balanced by the reaffirmation of the Outperform rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100