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Five Below can survive and benefit from new China tariffs, says Bank of America

Joel Anderson, CEO, Five Below 
Scott Mlyn | CNBC

Discount retailer Five Below is the best-positioned in its category to fare the new round of tariffs that specifically targets retailers, according to Bank of America.

The firm reiterated a buy rating and a $150, 12-month price target on the stock, as it believes the retailer is a rare discounted stock with a high-quality growth story.