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Ollie’s Bargain Outlet price target lowered to $135 from $150 at BofA

BofA lowered the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $135 from $150 and keeps a Buy rating on the shares. The firm is increasing its FY26 and FY27 EPS estimates by 2% and 1%, respectively, to reflect an improved gross margin outlook and increased share buyback, but lowering its price target to reflect peer multiple compression.

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