Ollie's Bargain Outlet shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $75 to $83.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has upgraded Ollie's Bargain Outlet's stock from Neutral to Buy and raised its price target from $75 to $83. This has resulted in Ollie's shares trading higher.
October 17, 2023 | 2:29 pm
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POSITIVE IMPACT
Ollie's Bargain Outlet's stock has been upgraded by Goldman Sachs from Neutral to Buy, with a raised price target from $75 to $83. This has led to an increase in the trading price of Ollie's shares.
The upgrade from Goldman Sachs is a positive signal to investors, indicating increased confidence in the company's performance. The raised price target suggests that Goldman Sachs expects the stock's price to increase, which can lead to increased demand and higher trading prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100