Jefferies analyst Randal Konik upgraded Ollie’s Bargain Outlet (OLLI) to Buy from Hold with a price target of $130, up from $120. Ollie’s the number one player in closeout “at a moment when scale matters most,” the analyst tells investors in a research note. The firm says the shares at a multiple 7-times below Five Below (FIVE) despite similar unit growth and a more needs-based sales mix. Ollie’s valuation “looks compelling,” Jefferies contends.
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