Wells Fargo analyst Edward Kelly lowered the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $120 from $125 and keeps an Equal Weight rating on the shares. The firm sees a mixed overall 2026 outlook for the group, but with opportunity. Wells is bullish broadlines/food service, notes fiscal/tariff trade is underway, and believes momentum is sustainable through the first half of EPS revisions. With that said, the firm sees a tougher food retail outlook; idiosyncratic drivers are key.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OLLI:
- 3 Stocks Bank of America Favors as Markets Look Toward 2026
- Ollie’s Bargain Outlet price target lowered to $141 from $150 at Citi
- Ollie’s Bargain Outlet price target lowered to $130 from $145 at Morgan Stanley
- Ollie’s Bargain Outlet price target raised to $150 from $145 at BofA
- Ollie’s Bargain Outlet price target lowered to $125 from $130 at Wells Fargo