Craig-Hallum Upgrades Five Below to Buy, Lowers Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeremy Hamblin has upgraded Five Below (NASDAQ:FIVE) from Hold to Buy, while lowering the price target from $108 to $102.
August 29, 2024 | 12:30 pm
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Craig-Hallum has upgraded Five Below from Hold to Buy, indicating a positive outlook despite a reduced price target from $108 to $102.
The upgrade from Hold to Buy suggests a positive sentiment towards Five Below's stock, which could lead to a short-term price increase. However, the lowered price target indicates some caution, suggesting that while the stock is expected to perform well, there are factors that may limit its upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100