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.
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