1445 ET - Five Below is taking the necessary measures to turn around its business, and the process looks promising in the early stages, UBS analysts say in a research note. The discount retailer has already seen green shots from efforts to provide more newness and improve the shopping experience. There are several catalysts that could drive the stock higher, such as any rollback of tariffs and the potential for consumers to trade down. Still, UBS cuts its target price to $110 from $150. Five Below is up 3.6% higher at $78.40.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 20, 2025 14:45 ET (18:45 GMT)
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