Ollie's Bargain Outlet Shares Rise 7% After JPMorgan Upgrade

Dow Jones06-18

By Josh Beckerman

Ollie's Bargain Outlet Holdings shares rose 7% Monday after JPMorgan upgraded the retailer to "overweight" from "neutral" as growth may benefit from "lateral competitive disruption opportunity."

The stock was recently at $94.35 and is up about 24% this year.

The bank established a December 2025 price target of $105 for Ollie's.

JPMorgan said potential closings of Big Lots stores could result in real-estate opportunities for Ollie's and said the bank's "fieldwork points to OLLI's 2QTD trending above its guidance."

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

June 17, 2024 13:52 ET (17:52 GMT)

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The stock was recently at $94.35 and is up about 24% this year.The bank established a December 2025 price target of $105 for Ollie's.JPMorgan said potential closings of Big Lots stores could result in real-estate opportunities for Ollie's and said the bank's \"fieldwork points to OLLI's 2QTD trending above its guidance.\"","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"OLLI":"Ollie's Bargain Outlet Holdings, Inc."},"translate_title":"摩根大通升级后Ollie's Bargain Outlet股价上涨7%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OLLI":1},"content_text":"By Josh Beckerman \n\n\n \n\n\n  Ollie's Bargain Outlet Holdings shares rose 7% Monday after JPMorgan upgraded the retailer to \"overweight\" from \"neutral\" as growth may benefit from \"lateral competitive disruption opportunity.\" \n\n\n  The stock was recently at $94.35 and is up about 24% this year. \n\n\n  The bank established a December 2025 price target of $105 for Ollie's. \n\n\n  JPMorgan said potential closings of Big Lots stores could result in real-estate opportunities for Ollie's and said the bank's \"fieldwork points to OLLI's 2QTD trending above its guidance.\" \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 17, 2024 13:52 ET (17:52 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444011883"}