BofA raised the firm’s price target on Ollie’s Bargain Outlet to $70 from $68 and keeps a Buy rating on the shares. As U.S. consumers’ savings are further worked down, the firm expects more consumers will need to shift into the bargain channel and it contends that Ollie’s is "uniquely positioned to benefit from trade-down over the coming years."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on OLLI:
- Citi downgrades Ollie’s to Sell, sees 2023 earnings falling short
- Ollie’s Bargain Outlet downgraded to Sell from Neutral at Citi
- Ollie’s Bargain Outlet price target raised to $59 from $46 at Truist
- Ollie’s Bargain Outlet price target raised to $58 from $42 at Loop Capital
- Ollie’s Bargain Outlet price target raised to $54 from $50 at Morgan Stanley
