Morgan Stanley analyst Simeon Gutman raised the firm’s price target on Ollie’s Bargain Outlet to $54 from $50 and keeps an Equal Weight rating on the shares. The near-term fundamental outlook is improving and the company’s FY23 guidance came in about 6%-7% above consensus, but the improved outlook is captured by the stock’s 10% post-earnings rally, said the firm, which adds that it leans "neutral to slightly more cautious" on the stock following the rally.
Published first on TheFly
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