Five Below price target raised to $225 from $220 at Citi

Citi raised the firm’s price target on Five Below to $225 from $220 and keeps a Buy rating on the shares after meeting with the company. Management sounded confident in current trends, but felt it was prudent to guide to a wide range for the year of 1%-4% given uncertainties in the macro, the analyst tells investors in a research note. The firm says Five Below remains one of the best growth stories in retail.