Five Below price target raised to $186 from $170 at Citi

Citi analyst Paul Lejuez raised the firm’s price target on Five Below to $186 from $170 and keeps a Buy rating on the shares. The analyst anticipates a modest comp beat versus the Q3 consensus of down 8% and for the company’s earnings to also beat. Five Below’s trends have modestly outperformed plan in Q4 and have improved sequentially in Q4, suggesting a reiteration of fiscal 2022 guidance, Lejuez tells investors in a research note.