Information Provided By:
Fly News Breaks for January 8, 2018
FIVE
Jan 8, 2018 | 11:10 EDT
Loop Capital analyst called Five Below's pre-announcement of slightly better than expected holiday sales "cause for a big sigh of relief from investors" given what he views as the company's shaky track record for its fourth quarter reports. Following the update, he raised his price target on Five Below to $64 from $60, but keeps a Hold rating on the stock, citing valuation.