Five Below rises after BofA raises PT

Five Below

26/09/2024 14:48

** Discount store operator Five Below's  FIVE.O  shares up
~4.8% to $95.43
    ** BofA Global Research raises stock's PT to $98 from $87
    ** Brokerage expects pending legislation to change exemption
on import duty and reduce competitive edge of FIVE's rivals
    ** 10 of 24 brokerages rate the stock "buy" or higher, 13
"hold", 1 "sell"; median PT is $100 - LSEG
    ** Including session's move, stock down nearly 57% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.Srivastava2@thomsonreuters.com))