FIVE - Five Below operating a 'sputtering expansion engine' in less favorable environment
2024-06-07 12:20:13 ET
Oppenheimer is staying on the sidelines with Five Below ( NASDAQ: FIVE ) and has pulled its 12-18 month price target of $200 as the company’s recent Q1 results and “sputtering expansion engine” amid a less favorable discretionary demand backdrop encouraged the firm to take a cautious stance against the discount retailer and lower its earnings expectations....
Five Below operating a 'sputtering expansion engine' in less favorable environment