Morgan Stanley raised the firm’s price target on Ollie’s Bargain Outlet to $92 from $80 and keeps an Equal Weight rating on the shares. Q1 results show Ollie’s “outperforming expectations,” but leave the firm’s investment thesis unchanged as it still views the risk/reward as “balanced,” the analyst tells investors in a post-earnings note.
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>>
Read More on OLLI:
- Ollie’s Executive Leadership Changes and Strategy Update
- Ollie’s Bargain raises FY24 adjusted EPS view to $3.18-$3.28 from $3.10-$3.20
- Ollie’s Bargain Outlet reports Q1 adjusted EPS 73c, consensus 64c
- Ollie’s Bargain Outlet announces executive promotions, appointments
- Ollie’s Bargain Outlet Announces Executive Promotions and Appointments as Part of Anticipated Leadership Succession