RBC Capital analyst Steven Shemesh raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $130 from $120 and keeps an Outperform rating on the shares after its Q3 earnings beat. The impact of liquidation of 6 months of inventory by Big Lots (BIG) was not as bad as feared, and the implied Q4 guidance suggests that the underlying comp trends at Ollie’s remain strong heading into the “likely” market share gains to be made in 2025, the analyst tells investors in a research note.
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