Financial Services

Here are the biggest analyst calls of the day: Anheuser-Busch InBev, Five Below, Constellation Brands

“We are launching coverage of Five Below with a rating of Outperform and a 12-18-month price target of $140… By most accounts, the domestic retail landscape is mature and increasingly disrupted, as a proliferation of eCommerce and other digital technologies has empowered consumers and upended historical competitive parameters… FIVE has thwarted and is likely to continue to thwart unfavorable trends within the sector… It operates a unique and defensible small-store format and enjoys significant opportunity for further, outsized unit expansion, for the foreseeable future. Improving brand recognition and a superior merchandising acumen position FIVE to capture share as other, less well-positioned operators falter… In our view, investors are apt to continue to pay up for industry-leading sales and EPS growth prospects…”


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