Loop Capital upgraded Ollie’s Bargain Outlet (OLLI) to Buy from Hold with a price target of $135, up from $130, following a recent store tour. The firm believes investors are underestimating Ollie’s comp potential in fiscal 2026. The liquidation of Big Lots is the “gift that keeps on giving” for Ollie’s, the analyst tells investors in a research note. In addition, Loop says the company is increasingly carrying consumables, which is driving more store visits. It also believes Ollie’s is well positioned for the holiday season as consumers trade down.
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