Morgan Stanley Maintains Overweight on Five Below, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Five Below (NASDAQ:FIVE) but lowers the price target from $210 to $160.
June 06, 2024 | 1:18 pm
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Morgan Stanley maintains an Overweight rating on Five Below but lowers the price target from $210 to $160, indicating a more cautious outlook.
The lowered price target from $210 to $160 suggests a more cautious outlook on Five Below's future performance, which could lead to a short-term negative impact on the stock price despite the maintained Overweight rating.
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