Deutsche Bank Downgrades Five Below to Hold, Lowers Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Krisztina Katai has downgraded Five Below (NASDAQ:FIVE) from Buy to Hold and lowered the price target from $155 to $79.
July 18, 2024 | 11:22 am
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Deutsche Bank has downgraded Five Below from Buy to Hold and significantly lowered the price target from $155 to $79, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Hold and the substantial reduction in the price target from $155 to $79 by Deutsche Bank suggests a negative outlook for Five Below. This is likely to result in a short-term decline in the stock price as investors react to the less favorable analyst rating and lower price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100