Truist raised the firm’s price target on Five Below (FIVE) to $112 from $81 and keeps a Hold rating on the shares. Most companies in the firm’s Consumer universe expect tariffs to be less impactful than Truist had initially anticipated and have also become highly flexible and creative to reduce the cost impact of tariffs, the analyst tells investors in a research note. Truist adds it is re-raising its FY25/FY26 EPS estimates on Five Below to reflect less impact from tariffs than its post Liberation Day assumptions, as well as better than expected sales trends, even though risks remain on future tariff changes, more difficult comparisons in the second half, and future negative elasticity, the firm added.
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