MKM Partners sees upside for Five Below

• MKM Partners upgrades Five Below (NASDAQ:FIVE) to a Buy rating from Neutral.
• The investment firm sets a price target of $35 on the retailer to rep upside potential of almost 25%.
• Shares of Five Below are down 30% YTD after failing to recover from the company's soft read on holiday sales.
• The company announces full Q4 earnings on March 25.