Five Below (FIVE) is taking the necessary steps to turn its business around in the face of numerous headwinds, UBS said in a note to clients.

Several catalysts that could move shares higher this year include any rollback of tariffs as well as a longer holiday season, UBS said.

The analysts maintained their buy rating on the stock and lowered their price target to $110 from $150.

Share of Five Below were up nearly 7% in recent premarket activity.