Ollie's Bargain Outlet shares are trading higher after Loop Capital upgraded the stock from Hold to Buy and raised its price target from $80 to $90.
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet's stock (OLLI) trades higher following an upgrade from Hold to Buy by Loop Capital, with a raised price target from $80 to $90.
April 05, 2024 | 1:16 pm
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POSITIVE IMPACT
Ollie's Bargain Outlet's stock received an upgrade from Hold to Buy by Loop Capital, with an increased price target from $80 to $90.
The upgrade by Loop Capital to a Buy rating and the increase in price target to $90 are strong positive signals for Ollie's Bargain Outlet's stock. Such analyst upgrades typically lead to short-term price increases as they reflect a positive outlook on the company's future performance and valuation. The significant jump in the price target suggests a strong confidence in the company's growth prospects, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100