Ollie’s Bargain Outlet price target lowered to $135 from $142 at Truist

Truist lowered the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $135 from $142 and keeps a Buy rating on the shares. The firm is an “aggressive” buyer of shares following the “strong” Q4 report, which included comps of 3.6% vs. the firm’s estimate of 4%, the analyst tells investors in a research note. If the company can generate a relatively stable mid-teens bottom line growth rate, then the shares should command a much larger premium than what is currently reflected in the stock, the firm says.