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Fly News Breaks for September 5, 2019
FIVE
Sep 5, 2019 | 07:22 EDT
Wells Fargo analyst Edward Kelly raised his price target for Five Below to $152 from $143 as he believes it stands out as a compelling investment idea in an increasingly difficult consumer investment landscape. Calling it a "must own stock," the analyst sees Five Below as having several catalysts that could "supercharge an already robust story" by driving comp and earnings upside in 2020 and beyond. Kelly reiterates an Outperform rating on the shares.