Five Below price target raised to $158 from $132 at BofA

Group 1 - BofA analyst Lorraine Hutchinson raised the price target on Five Below (FIVE) to $158 from $132 while maintaining an Underperform rating on the shares [1] - The company raised its Q4 and fiscal year sales and earnings outlook, prompting the firm to increase its FY25 and FY26 EPS estimates by 9% and 10%, respectively [1] - Despite the positive sales outlook, the firm expects earnings growth to decelerate and the multiple to compress if comparable store growth normalizes, leading to the retention of the Underperform rating [1]