Loop Capital Maintains Hold on Five Below, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Hold rating on Five Below (NASDAQ:FIVE) but has significantly lowered the price target from $190 to $120.
June 07, 2024 | 6:08 pm
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Loop Capital has maintained a Hold rating on Five Below but has significantly lowered the price target from $190 to $120.
The significant reduction in the price target from $190 to $120 by Loop Capital suggests a negative outlook on Five Below's future performance. This is likely to result in a short-term decline in the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100