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Fly News Breaks for July 31, 2019
OLLI
Jul 31, 2019 | 09:35 EDT
As previously reported, Loop Capital analyst Anthony Chukumba upgraded Ollie's Bargain Outlet to Buy and raised his price target to $100 from $90. The analyst is positive on the company's "differentiated concept" and anticipates a long runway of square footage growth for its restaurants. Chukumba adds that Ollie's has a competitive advantage from its customer loyalty program and is expected to benefit from "the increasing bifurcation of specialty hardlines retail stocks."
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