Credit Suisse analyst Edward Kelly noted that Five Below's earnings, revenue and same-store sales growth were better than expected in Q1, but the company's guidance for 5-8% comp growth in Q2 was the "real highlight" of the report, he said. The company raised guidance, but its outlook for the second half still seems conservative given easy comparisons, add Kelly, who raised his price target on Five Below to $65 from $47. He keeps an Outperform rating on the shares.
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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