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Fly News Breaks for March 21, 2017
FIVE
Mar 21, 2017 | 07:10 EDT
MKM Partners analyst Patrick McKeever maintained his Buy rating and $51 price target on Five Below ahead of Q4 results tomorrow. He expects the quarter to be largely in-line with management's pre-ICR update on January 9 and to show a late-holiday pickup and a solid January following a softer mid-December. McKeever believes new store productivity remains on track north of 90% and ROI remains near 100% for year-one. The analyst continues to view Five Below as one of the most compelling long-term retail growth stories.
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