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Fly News Breaks for August 29, 2019
FIVE
Aug 29, 2019 | 07:01 EDT
Five Below is managing through tariff-centric macro uncertainty with vendor relief, selective price increases, and proactive, non-product cost containment, Guggenheim analyst John Heinbockel tells investors in a research note. Following last night's Q2 results, the analyst raised his estimates and calls the company one of the best values among growth retailers. He reiterates a Buy rating on Five Below with a $135 price target.
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