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Fly News Breaks for January 4, 2018
FIVE
Jan 4, 2018 | 08:32 EDT
MKM Partners analyst Patrick McKeever raised his price target on Five Below to $75 as part of his Consumer Retail research note. McKeever reiterates that the company was a standout in his pre-Christmas checks with 10-15 customer deep line and "fresh merchanside across the store". The analyst notes that post-holiday environment was also strong and may lead to an upgrade in Q4 guidance to the high end in 4%-6% forecast comps at its planned update on Monday. McKeever keeps his Buy rating on Five Below.