Keep buying Five Below as it leans into squishy dumplings, says analyst

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Keep buying Five Below as it leans into squishy dumplings, says analyst

Wolfe Research believes that the latest growth driver for Five Below comes in the form of a squishy toy dumpling. In a Tuesday note to clients, analyst Spencer Hanus reiterated his outperform rating …

Wolfe Research believes that the latest growth driver for Five Below comes in the form of a squishy toy dumpling. In a Tuesday note to clients, analyst Spencer Hanus reiterated his outperform rating on the off-price retail chain. Hanus' new price target of $291 price target implies upside of 26% from where shares of Five Below closed Monday afternoon. The stock has surged 21% this year. …

Original source: CNBC Top News