Ollie’s Bargain Outlet price target raised to $80 from $71 at Truist

Truist raised the firm’s price target on Ollie’s Bargain Outlet to $80 from $71 and keeps a Hold rating on the shares. The company’s Q2 results were “strong” but largely expected, the analyst tells investors in a research note. Trust adds that the fundamentals at Ollie’s Bargain Outlet look “solid”, but the risk-reward on the stock is “balanced” at current levels.