RBC Capital raised the firm’s price target on Ollie’s Bargain Outlet to $84 from $73 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company is among the few names in the analyst’s coverage that is “benefiting from the current environment”, the firm tells investors in a research note. Ollie’s Bargain Outlet’s past few years have been marred by higher supply chain costs, but the company is now facing the tail-end of these headwinds, , and results should improve, RBC added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on OLLI:
- Ollie’s Bargain Outlet price target raised to $80 from $71 at Loop Capital
- Ollie’s Bargain Outlet price target raised to $80 from $71 at Truist
- Ollie’s Bargain Outlet price target raised to $92 from $63 at UBS
- Ollie’s Bargain Outlet price target raised to $91 from $80 at Craig-Hallum
- Ollie’s Bargain Outlet price target raised to $93 from $79 at KeyBanc