Ollie’s Bargain Outlet price target raised to $142 from $141 at Truist

Truist raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $142 from $141 and keeps a Buy rating on the shares as part of a broader research note on Hardlines/Broadlines consumer names. The firm is citing its latest Truist Card reads and ICR holiday updates in adjusting its sales and earnings estimates, though it also believes that a significant increase in tax refunds will likely boost sales across the retail space in what are typically seasonally softer months, the analyst tells investors in a research note. For the company, Truist Card Data indicates that sales trends have continued to exceed prior expectations throughout most of Q4, the firm added.