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UPDATE: Sterne Agee Upgrades Five Below on Great Long-Term Potential

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In a report published Thursday, Sterne Agee analyst Charles Grom upgraded the rating on Five Below (NASDAQ: FIVE) from Neutral to Buy, and raised the price target from $44.00 to $56.00.

In the report, Sterne Agee noted, “We're upgrading FIVE to Buy and raising our EPS estimates/PT to $56 (from $44). While not necessarily a call on NT trends, FIVE can play both offense (SSS/door growth/GPM levers) and defense (value, <$5 focus) with shades of both COST/DLTR. Valuation has been an obstacle for many, but over a multi-year period FIVE has the potential to more than double its EPS... few retailers can make that claim.”

Five Below closed on Wednesday at $46.60.

Latest Ratings for FIVE

DateFirmActionFromTo
Dec 2016Loop CapitalInitiates Coverage OnBuy
Oct 2016Longbow ResearchInitiates Coverage OnBuy
Oct 2016KeyBancInitiates Coverage OnOverweight

View More Analyst Ratings for FIVE
View the Latest Analyst Ratings

Posted-In: Charles Grom Sterne AgeeAnalyst Color Upgrades Analyst Ratings

 

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