Fly News Breaks for May 23, 2019
OLLI
May 23, 2019 | 08:52 EDT
Dougherty analyst Jeremy Hamblin initiated Ollie's Bargain Outlet with a Buy rating and $115 price target, stating that he believes it has an "online resistant" business model and he sees white-space to triple its store base to 950 locations over the next decade. The disruption of traditional retail has presented Ollie's "an abundance of opportunity" to source closeout brand-name goods and also allows it the opportunity to leverage high-quality real estate, Hamblin tells investors.
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