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Fly News Breaks for August 29, 2019
OLLI
Aug 29, 2019 | 07:08 EDT
KeyBanc analyst Bradley Thomas lowered his price target for Ollie's Bargain Outlet to $90 from $110 following a "challenged" Q2 was challenged. The analyst believes most of the issues are transitory, but thinks shares are likely to be range-bound until Ollie's Bargain Outlet's results improve, particularly with a tough Q4 comparison ahead. Thomas remains a "believer" in the company's business model and long-term outlook, and reiterates an Overweight rating on the stock.
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