JPMorgan raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $135 from $105 and keeps an Overweight rating on the shares. The company’s Q3 new store productivity accelerated to 102%, the analyst tells investors in a research note. The firm sees a strong closeout deal backdrop, an improving competitive backdrop, and consistent execution supporting Ollie’s same-store sales growth in the near term.
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