© Reuters. Loop Capital cautious on Five Below
- Loop Capital downgrades Five Below (NASDAQ:FIVE) after watching shares jump about 4% last week to stretch out valuation.
- The firm assigns a Hold rating and price target of $60 on the retailer. Five Below peaked at a 52-week high of $60.12 on Friday.
- Five Below is due to spill quarterly earnings on November 30.
- FIVE -1.34% premarket to $59.10 on light volume.
- Now read: Five Below Might Offer 15% Upside Potential