Goldman Sachs raised the firm’s price target on Ollie’s Bargain Outlet to $91 from $83 and keeps a Buy rating on the shares. The company’s reported Q3 results that were “better-than-expected”, with a 7% comp and strong margins, the analyst tells investors in a research note. The growing scale at Ollie’s Bargain Outlet continues to drive a virtuous cycle of improved inventory procurement opportunities and sales growth, the firm added.
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