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Fly News Breaks for February 10, 2020
OLLI
Feb 10, 2020 | 06:29 EDT
RBC Capital analyst Scot Ciccarelli lowered his price target on Ollie's Bargain Outlet to $65, saying the stock price has been pressured by expectations of soft Q4 results due to the weak earnings from other retailers. The analyst maintains however that the quarter is now "backward looking", and he expects mid-teen revenue and EBIT growth to return by Q2 of this year. Ciccarelli also keeps his Outperform rating on the stock.
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