After meeting with the company at the ICR Conference, Citi analyst Alvin Concepcion thinks an "enhanced buy opportunity still exists" for shares of Five Below. The company's softer than expected same-store-sales in Q4 had a limited impact to profitability and doesn't change the long-term growth prospects, Concepcion tells investors in a research note. He believes Five Below's growth prospects are underappreciated and keeps a Buy rating on the shares with a $50 price target.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here