Piper Sandler lowered the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $140 from $150 and keeps an Overweight rating on the shares following Q3 results that slightly missed high expectations. Full year guidance was raised on the top and bottom line to account for Q3 results, while expectations for Q4 remain largely unchanged. That said, quarter-to-date sales are currently trending ahead of guidance.
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