Telsey Advisory Group Maintains Outperform on Five Below, Lowers Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group has maintained an 'Outperform' rating on Five Below (NASDAQ:FIVE) but has lowered the price target from $120 to $102.
August 29, 2024 | 6:20 pm
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Telsey Advisory Group has maintained an 'Outperform' rating on Five Below but reduced the price target from $120 to $102, indicating a more cautious outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in Five Below's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company performance. This could lead to a short-term negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100