Evercore ISI Group Downgrades Five Below to In-Line, Lowers Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has downgraded Five Below (NASDAQ:FIVE) from Outperform to In-Line and lowered the price target from $160 to $113.
July 17, 2024 | 10:26 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Evercore ISI Group has downgraded Five Below from Outperform to In-Line and reduced the price target from $160 to $113, indicating a less optimistic outlook for the stock.
The downgrade from Outperform to In-Line and the significant reduction in the price target from $160 to $113 by Evercore ISI Group suggests a less favorable view of Five Below's future performance. This is likely to negatively impact the stock price in the short term as investors react to the revised outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100