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Ollie’s Bargain Outlet price target lowered to $120 from $130 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $120 from $130 and keeps an Equal Weight rating on the shares. Continued solid execution amid a favorable closeout environment drives a “modestly higher long-term algorithm,” but reinvestment priorities likely limit further profitability gains, the analyst tells investors.

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