Jefferies analyst Randal Konik raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $135 from $111 and keeps a Hold rating on the shares. Ollie’s continues to win in closeout, gaining share via accelerated store growth and strong comps, but upside potential looks limited despite the company’s strong execution and positioning given the stock’s “still high” valuation, the analyst tells investors in a post-earnings note.
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Read More on OLLI:
- Ollie’s Bargain Outlet price target raised to $148 from $146 at Truist
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