Truist analyst Scot Ciccarelli raised the firm’s price target on Ollie’s Bargain Outlet to $109 from $102 and keeps a Buy rating on the shares after hosting its management team for investor meetings this week. Ollie’s has some of the strongest momentum in the analyst’s coverage universe given that its “deal flow” is as strong as ever, the firm tells investors in a research note. Truist adds that Ollie’s “extreme value” offering is proving to be particularly compelling to today’s inflation-weary consumers.
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