Bank of America double upgrades Five Below, sees more upside under new leadership
Bank of America has upgraded Five Below shares to a buy, citing new leadership, merchandising changes, and marketing investments as catalysts for future growth. The analyst increased the price target to $233 from $158, suggesting an 18% upside. The new management team is expected to drive a higher P/E multiple and a return to focus on kids and millennial moms.
https://www.cnbc.com/2026/02/04/bank-of-america-double-upgrades-five-below-sees-more-upside-under-new-leadership.html