UBS Maintains Buy on Five Below, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser maintains a Buy rating on Five Below (NASDAQ:FIVE) but lowers the price target from $223 to $120.
July 17, 2024 | 4:07 pm
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UBS analyst Michael Lasser maintains a Buy rating on Five Below but significantly lowers the price target from $223 to $120.
The significant reduction in the price target from $223 to $120 suggests a more cautious outlook on Five Below's future performance, which could lead to short-term downward pressure on the stock price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100