UBS Maintains Neutral Rating for Ollie's Bargain Outlet: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS maintains a Neutral rating for Ollie's Bargain Outlet (NASDAQ:OLLI) and raises its price target from $59.00 to $63.00. Shares of OLLI are trading up 0.75% at $61.52 per share.
June 08, 2023 | 5:02 pm
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NEUTRAL IMPACT
UBS maintains Neutral rating for Ollie's Bargain Outlet and raises price target from $59.00 to $63.00. Shares are trading up 0.75% at $61.52.
UBS has maintained its Neutral rating for Ollie's Bargain Outlet, indicating that the stock is neither overvalued nor undervalued. However, the price target has been raised from $59.00 to $63.00, which could signal a potential upside for investors. The stock is currently trading up 0.75% at $61.52, and a move to $63.00 would account for a 2.41% increase from the current share price. This news is relevant and important for investors in OLLI, but the Neutral rating suggests a short-term neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100