Ollie’s Bargain Outlet price target raised to $102 from $86 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Ollie’s Bargain Outlet to $102 from $86 and keeps a Buy rating on the shares. The company’s Q1 results were “very solid” with 3% comps and earnings upside, while its value offering is driving more growth from pressured consumers, the analyst tells investors in a research note. Consumers will continue to lean into value, and the firm also sees some incremental upside potential on margins, Truist added.