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Fly News Breaks for December 18, 2018
FIVE
Dec 18, 2018 | 09:58 EDT
Loop Capital analyst Anthony Chukumba kept his Buy rating and $120 price target on Five Below after his visit to its new Manhattan store - the first location in the borough. The analyst says the store's "prime location, visuals, layout, merchandising, and customer traffic" were encouraging and well perceived. Chukumba expects it to be effective at "introducing out-of-towners to Five Below's unique combination of value price points and a fun and exciting 'treasure hunt' shopping experience."
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