Five Below price target lowered to $93 from $118 at Truist

Truist analyst Scot Ciccarelli lowered the firm’s price target on Five Below (FIVE) to $93 from $118 and keeps a Buy rating on the shares as part of a broader research note previewing more Q4 results among Consumer names. Most of the companies under coverage appear to be off to a softer start in Q1, likely driven by severe winter weather in most of the U.S. and potentially from the rapid-fire changes coming out from the new Trump Administration, the analyst tells investors in a research note. A slower start to Q1 will also likely cause most management teams to provide a somewhat conservative initial view for the year, Truist adds.