Wells Fargo Adds Ollie’s Bargain Outlet to Tactical List With $130 Target

TL;DR

Quick Read - - The upgrade reflects confidence in Ollie’s structural advantages—strong deal flow from retail consolidation, healthy comparable store sales growth, and a trade-down tailwind from weakening consumer sentiment—positioning the retailer for continued double-digit earnings growth despite current valuation pressure Jefferies says this discount retailer is a steady grower that could surge more than 40%.