Key facts
- Truist analyst Scot Ciccarelli raised Ollie's Bargain Outlet's price target.
- The price target was increased to $50 from $45.
- Margin strength was cited as the reason for the upgrade.
Truist analyst Scot Ciccarelli has increased the price target for Ollie's Bargain Outlet Holdings Inc. to $50 per share, up from a previous target of $45. The analyst attributed this upward revision primarily to the company's demonstrated margin strength. This suggests that Truist believes Ollie's Bargain Outlet is effectively managing its costs and maintaining profitability, even amidst broader market conditions that may have previously led to a lower valuation.