Gordon Haskett analyst Eric Cohen downgraded Ollie’s Bargain Outlet to Accumulate from Buy with a $53 price target following the company’s Q3 report. While the Q3 results and Q4 guidance were "disappointing," he does not view the print as "thesis changing," Cohen tells investors. However, shares could be more range bound in the near-term with topline visibility "more clouded," Cohen contends.
Published first on TheFly
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