Ollie’s Bargain Outlet price target raised to $84 from $73 at RBC Capital

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.