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Ollie’s Bargain Outlet price target raised to $140 from $125 at UBS

UBS raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $140 from $125 and keeps a Neutral rating on the shares. The company reported “very solid” results, which justify the stock’s premium multiple, the analyst tells investors in a research note. The firm sees momentum for Ollie’s in the back half of the year.

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