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Fly News Breaks for August 29, 2019
OLLI
Aug 29, 2019 | 08:45 EDT
JPMorgan analyst Matthew Boss views the post-earnings pullback in shares of Ollie's Bargain Outlet as a long-term buying opportunity. While the Q2 print puts the company in the "penalty box," Ollie's should return to high-teens growth in the second half of 2019 and 2020, Boss tells investors in a research note. He lowered his price target for the shares to $76 from $100 and keeps an Overweight rating on the name.
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