Truist raised the firm’s price target on Ollie’s Bargain Outlet to $80 from $78 and keeps a Hold rating on the shares. The company’s Q4 results were “solid” as its 3.9% comps and gross margins have now recovered back to historical levels, the analyst tells investors in a research note. Ollie’s Bargain Outlet fundamentals look solid, but the risk/reward for the stock seems “fairly balanced”, the firm added.
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