Morgan Stanley Downgrades Five Below to Equal-Weight, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Five Below (NASDAQ:FIVE) from Overweight to Equal-Weight and lowered the price target from $160 to $100.

July 17, 2024 | 9:28 am
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NEGATIVE IMPACT
Morgan Stanley downgraded Five Below from Overweight to Equal-Weight and reduced the price target from $160 to $100.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $160 to $100 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and the stock price of Five Below in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100