Ollie’s Bargain Outlet price target raised to $93 from $79 at KeyBanc

KeyBanc raised the firm’s price target on Ollie’s Bargain Outlet to $93 from $79 and keeps an Overweight rating on the shares, following Q2 earnings results that exceeded expectations. The firm said Ollie’s remains a “favorite SMID growth idea,” and noted that it believes the company “will continue to benefit from the strong closeout environment, a recovery in margins, its remodel program, and new store growth.”