What To Know About JP Morgan's Upgrade of Ollie's Bargain Outlet

JP Morgan upgraded its rating of Ollie's Bargain Outlet OLLI to Neutral with a price target of $66.00, changing its price target from $56.00 to $66.00.

Shares of Ollie's Bargain Outlet are trading up 3.75% over the last 24 hours, at $59.70 per share.

A move to $66.00 would account for a 10.55% increase from the current share price.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings Inc is a retailer of brand-name merchandise at drastically reduced prices. It offers customers a selection of brand-name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market strategy is characterized by a unique, fun, and engaging treasure hunt shopping experience, compelling customer value proposition, and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and strong and consistent store performance for the company.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.