Five Below price target lowered to $200 from $215 at Jefferies

Jefferies lowered the firm’s price target on Five Below to $200 from $215 and keeps a Buy rating on the shares. Data from Second Measure predicts Q1 sales growth of 12.8% versus the consensus call for 15.4%, notes the analyst, who adds that the index has shown a high correlation to reported figures. Given this data, the firm is lowering its Q1 comp estimate to the low end of the guidance range of flat to up 2%, the analyst tells investors.