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Fly News Breaks for May 14, 2019
OLLI
May 14, 2019 | 08:38 EDT
Credit Suisse analyst Judah Frommer raised his price target for Ollie's Bargain Outlet to $103 from $89 as he raises his comp estimates and rolls forward his valuation methodology. The analyst believes the company's closeout model tends to benefit from others' pain, and comp guidance appears to be fairly conservative in both Q1 and Q4. He reiterates an Outperform rating on the shares.
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