Wells Fargo upgrades Five Below's rating to "Overweight" with a $180 target price.
Wells Fargo upgrades Five Below's rating from "Equal Weight" to "Overweight" with a $180 target price, while other analysts have recently lowered their price targets for the specialty retailer. Despite missing earnings estimates by $0.13 in its latest quarterly report, Five Below reported a return on equity of 20.80% and a net margin of 8.46%. The company's revenue for the quarter was up 19.1% compared to the same quarter last year.
April 26, 2024
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