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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OLLI:
- Ollie’s Bargain Outlet price target raised to $145 from $118 at Morgan Stanley
- Ollie’s Bargain Outlet: Strong Financial Performance and Growth Potential Justify Buy Rating
- Ollie’s Bargain Outlet price target raised to $145 from $130 at BofA
- Ollie’s Bargain Outlet price target raised to $140 from $125 at UBS
- Ollie’s Bargain Outlet price target raised to $130 from $105 at Wells Fargo