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Fly News Breaks for October 28, 2015
FIVE
Oct 28, 2015 | 05:28 EDT
Goldman Sachs analyst Stephen Grambling downgraded Five Below to Sell saying consensus estimates are too high and the stock's valuation is "overstated." Slowing comps in Q4 along with softer new store productivity should bring downside to consensus estimates, Grambling tells investors in a research note. He cut his price target for shares to $30 from $34.
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