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Five Below (FIVE) Stock Higher, KeyBanc Rates 'Overweight'

NEW YORK (TheStreet) -- Shares of Five Below (FIVE) were up at the start of trading on Thursday as KeyBanc Capital Markets began coverage of the stock with an "overweight" rating and $47 price target.

"FIVE is an attractive store expansion story, complemented by its fun, value-priced merchandise, exciting shopping experience, and insulation from online competition," the firm wrote in an analyst note.

The company's growth profile is among the strongest in KeyBanc's coverage and is positioned to drive more than 20% of earnings per share growth through 2020.

"While valuation (30x our 2016 estimate) is...


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