Ollie’s Bargain Outlet price target raised to $95 from $92 at UBS

UBS raised the firm’s price target on Ollie’s Bargain Outlet to $95 from $92 and keeps a Neutral rating on the shares. Ollie’s is effectively navigating a favorable closeout environment, posting a solid set of results across the board and starting Q4 on a high note, suggesting its 2.5%-3.5% implied comp guidance could be conservative, the analyst tells investors in a research note. At the same time, concerns around the company’s ability to cycle a mid-single digit comp in the year ahead are likely to cap share appreciation in the near-term, UBS says.