Yahoo Finance

Loop Capital raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $130 from $120 and keeps a Buy rating on the shares. After visiting the company’s location in the Chicago area, the firm notes that it continue to be very impressed by Ollie’s merchandising, most notably compelling national brand items in a wide variety of product categories, the analyst tells investors in a research note. The “most eye-opening” discovery however was the diverted Big Lots merchandise, which represents the “first significant sign of the benefits” of its bankruptcy filing and mass store closings, the firm added.

Don't Miss Our Christmas Offers:

• Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks

• Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on OLLI:

• Electronic Arts, Rivian downgraded: Wall Street’s top analyst calls

• Morning Movers: General Mills slips following second quarter results

• Ollie’s Bargain Outlet upgraded to Buy from Sell at Citi

• 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