RBC Capital raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $149 from $144 and keeps an Outperform rating on the shares. The company’s Q2 earnings beat was “near flawless”, with a “strong exit rate” in its 5% comp and 26% EPS growth, the analyst tells investors in a research note. Near-term expectations are high, but the duration of EPS growth seems to be under-appreciated, the firm added.
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Read More on OLLI:
- Ollie’s Bargain Outlet price target raised to $145 from $118 at Morgan Stanley
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