Truist Securities Maintains Hold on Five Below, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Five Below (NASDAQ:FIVE) but has lowered the price target from $89 to $87.
August 29, 2024 | 1:36 pm
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Truist Securities has maintained a Hold rating on Five Below but lowered the price target from $89 to $87, indicating a slightly less optimistic outlook.
The lowering of the price target by Truist Securities suggests a slightly less optimistic view on Five Below's future performance, which could lead to a short-term negative impact on the stock price. The Hold rating indicates that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100