Barclays Downgrades Five Below to Equal-Weight, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Karen Short has downgraded Five Below (NASDAQ:FIVE) from Overweight to Equal-Weight and lowered the price target from $176 to $90.
July 17, 2024 | 1:10 pm
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Barclays analyst Karen Short downgraded Five Below from Overweight to Equal-Weight and significantly lowered the price target from $176 to $90.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $176 to $90 by Barclays is likely to negatively impact investor sentiment and the stock price of Five Below in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100