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.
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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