Ollie’s Bargain Outlet price target raised to $86 from $84 at RBC Capital

RBC Capital analyst Steven Shemesh raised the firm’s price target on Ollie’s Bargain Outlet to $86 from $84 and keeps an Outperform rating on the shares. The company reported a “strong” beat and raise quarter and looks to be “firing on all cylinders”, the analyst tells investors in a research note. After a few years of disruption from higher supply chain costs, subpar distribution center throughput, and a highly promotional retail environment, Ollie’s is nearly back to delivering on-algorithm results, the firm added.