Craig-Hallum raised the firm’s price target on Ollie’s Bargain Outlet to $98 from $91 and keeps a Buy rating on the shares. The firm notes Ollie’s delivered “another impressive quarter” in Q3 with HSD same-store sales against tougher compares and clean beats across every line item. While compares get tougher, momentum has carried into Q4, leading to raised FY23 sales and EPS guidance above the Q3 beat, Craig-Hallum adds.
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