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In a report published Friday, Morgan Stanley analyst Vincent J. Sinisi reiterated an Equal-Weight rating on
Five BelowFIVE, but lowered the price target from $41.00 to $40.00.
In the report, Morgan Stanley noted, “Citing quarter-to-date trends, including a below-plan Black Friday/post-Thanksgiving weekend on traffic, FIVE guided to 4% 4Q comps and modest GM expansion, despite easy compares on both fronts. Recall we recently witnessed moderate traffic trends during our store checks this past weekend. That said, guidance implies a marked deceleration in trends,especially versus the weather-stricken 4Q13 comp of just 0.3%.”
Five Below closed on Thursday at $42.85.
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