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UPDATE: Credit Suisse Initiates Neutral, $35 PT on Five Below on Valuation Reservation

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Credit Suisse initiated its coverage on Five Below (NASDAQ: FIVE) with a Neutral rating and a price target of $35.

Credit Suisse commented, "We view Five Below as one of the most intriguing growth retail concepts to be developed over the past decade, with compelling store growth opportunity, a strong economic model, and merchandising expertise that helps mitigate the risks associated with targeting teen and pre-teen consumers. However, a rich FY13 P/E multiple of 57 suggests limited upside potential to shares in the near term."

Five Below closed at $32.71 on Friday.

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: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

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