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Fly News Breaks for April 11, 2019
FIVE
Apr 11, 2019 | 06:41 EDT
JPMorgan analyst Matthew Boss upgraded Five Below to Overweight from Neutral and raised his price target for the shares to $150 from $133 after hosting management at his firm's Retail Round-Up. Management expressed "strong confidence" in both the near-term and multi-year 20%-plus sales growth driving 20%-plus annual earnings growth, Boss tells investors in a research note. The analyst believes the core drivers of Five Below's positive 3.8% trailing five-year average comp remain in early innings.
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