Piper Sandler raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $126 from $107 and keeps an Overweight rating on the shares following a solid Q3 print, for which the topline came in slightly softer than expected driven by warm weather. While other discount retailers in the space seem to be struggling, Ollie’s Bargain Outlet continues to impress due to a strong value prop and excellent execution, Piper adds.
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