Citi analyst Steven Zaccone upgraded Ollie’s Bargain Outlet (OLLI) to Buy from Sell with a price target of $133, up from $64, following a transfer of coverage. Ollie’s is “well positioned to win in the uncertain retail landscape,” the analyst tells investors in a research note. The firm says the “treasure hunt” shopping experience resonates with today’s consumers search for value. In addition, Ollie’s “agile” buying organization is set to capitalize on merchandise disruption from retail closures, supply chain, and tariffs turmoil, adds Citi.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OLLI:
- Ollie’s Bargain Outlet price target raised to $130 from $120 at RBC Capital
- Ollie’s Bargain Outlet price target raised to $130 from $115 at BofA
- Ollie’s Bargain Outlet price target raised to $130 from $107 at Craig-Hallum
- Ollie’s Bargain Outlet price target raised to $121 from $109 at Truist
- Ollie’s Bargain Outlet price target raised to $120 from $110 at Loop Capital