Truist raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $128 from $126 and keeps a Buy rating on the shares. The company’s Q1 results were “solid”, with comps and earnings modestly topping the firm’s estimates, the analyst tells investors in a research note. Ollie’s Bargain management also raised their full year comp and sales guide and maintained their earnings outlook despite incurring additional costs for tariffs, dark rent and store growth acceleration, Truist added.
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