Retail Stock Almost Touches Buy Point As Analyst Upgrades, Citing Big Transformation

Shares of Five Below (FIVE) are almost at a buy point, after an analyst upgraded the stock to a buy rating, calling it the next TJX Cos. (TJX) of value retailing. Jefferies analyst Randal Konik raised Five Below to buy from neutral, and gave the price target a hefty increase to 350 from 210. The stock climbed 2% to 242.82…