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Fly News Breaks for March 19, 2019
FIVE
Mar 19, 2019 | 07:55 EDT
As previously reported, Loop Capital analyst Anthony Chukumba upgraded Five Below to Buy from Hold and raised his price target to $145 from $120, saying the company's ability to "comp the comp" has been impressive. The analyst cites Five Below's merchandising, store-level execution, and brand awareness improvements, adding that the company's store remodel program, addition of more toys in the product assortment, long square footage growth runway, and potential expansion of its media influencer program can serve as further catalysts for the stock.
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