JP Morgan Downgrades Five Below to Neutral, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss downgrades Five Below (NASDAQ:FIVE) from Overweight to Neutral and lowers the price target from $215 to $170.
April 23, 2024 | 1:39 pm
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Five Below downgraded by JP Morgan from Overweight to Neutral with a price target reduction from $215 to $170.
The downgrade from Overweight to Neutral by a major analyst like JP Morgan, coupled with a significant reduction in price target, is likely to negatively impact investor sentiment towards Five Below in the short term. This could lead to a decrease in stock price as the market adjusts to the new valuation and expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100