JP Morgan Downgrades Five Below to Underweight, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has downgraded Five Below (NASDAQ:FIVE) from Neutral to Underweight, while raising the price target from $89 to $95.
September 19, 2024 | 1:05 pm
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JP Morgan has downgraded Five Below from Neutral to Underweight, indicating a less favorable view on the stock. However, the price target has been raised to $95, suggesting some potential for price appreciation.
The downgrade to Underweight suggests a negative outlook on Five Below's stock performance, which could lead to a short-term price decline. However, the raised price target to $95 indicates some potential for future gains, creating mixed signals for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100