Morgan Stanley Has Mixed Outlook For Five Below Inc

In a report published Thursday, Morgan Stanley analyst Vincent J. Sinisi reiterated an Equal-Weight rating and $41.00 price target on Five Below Inc FIVE. In the report, Morgan Stanley noted, “FIVE reported 2Q EPS of $0.15, 1¢ ahead of MSe and Consensus. Lower SG&A expense offset weaker than expected comps, at 3.2% versus MSe 3.5% and Consensus 4.1%. 3Q EPS guidance and comp outlook below expectations. Reiterate EW, $41 PT.” Five Below closed on Wednesday at $42.35.