Ollie’s Bargain Outlet price target raised to $91 from $80 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Ollie’s Bargain Outlet to $91 from $80 and keeps a Buy rating on the shares following “standout” Q2 earnings results and raised guidance. The analyst feels Ollie’s “exceptional quarter.. was among the very best within retail during this reporting cycle,” and added that with growth and margins returning to normal, the firm expects the stock to “trend closer to its typical P/E multiples.”