Truist Securities Downgrades Five Below to Hold, Lowers Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Five Below (NASDAQ:FIVE) from Buy to Hold and lowered the price target from $136 to $89.
July 17, 2024 | 9:34 am
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NEGATIVE IMPACT
Truist Securities downgraded Five Below from Buy to Hold and reduced the price target from $136 to $89.
The downgrade from Buy to Hold and the significant reduction in the price target from $136 to $89 by Truist Securities is likely to negatively impact investor sentiment and the stock price of Five Below in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100