Ollie’s Bargain Outlet price target raised to $110 from $100 at Loop Capital

Loop Capital analyst Anthony Chukumba raised the firm’s price target on Ollie’s Bargain Outlet to $110 from $100 and keeps a Buy rating on the shares. The analyst was “very impressed” after visiting the company’s Chicago suburbs location to gauge the merchandise assortment, citing “compelling” national brand merchandise in a wide variety of product categories. This indicated that the strong closeout buying environment of the past several quarters continued into Q2 and that Ollie’s vendor relationships continue to strengthen, the firm tells investors in a research note.