Truist Securities Maintains Hold on Ollie's Bargain Outlet, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a Hold rating on Ollie's Bargain Outlet (NASDAQ:OLLI) but reduced the price target from $84 to $78.
December 21, 2023 | 3:32 pm
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Truist Securities has maintained a Hold rating on Ollie's Bargain Outlet but lowered the price target from $84 to $78, indicating a more cautious outlook.
The reduction in price target by Truist Securities suggests a more conservative valuation of Ollie's Bargain Outlet, which could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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