From Financial Modeling Prep: 2024-11-25 11:59:00

Telsey analysts downgraded Five Below (NASDAQ:FIVE) to Market Perform with a price target of $95, citing challenges from strategic transitions and leadership changes. The retailer is still searching for a permanent CEO and named a new Chief Merchant. Five Below plans to slow new store openings in 2025, focusing on reestablishing its value proposition with $1-$5 items.



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