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Fly News Breaks for January 7, 2019
FIVE
Jan 7, 2019 | 07:54 EDT
Morgan Stanley analyst Vincent Sinisi upgraded Five Below to Overweight from Equal Weight, stating that he views it as a best-in-class retailer with a differentiated, defensible concept operating in the preferred discount retail subsector. He raised his long-term comp growth forecasts on increased confidence in Five Below's trajectory and increased his price target on the stock to $118 from $113.
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