Ollie’s Bargain Outlet price target lowered to $135 from $142 at Truist

Group 1 - Truist lowered the price target on Ollie's Bargain Outlet (OLLI) to $135 from $142 while maintaining a Buy rating on the shares [1] - The firm is described as an "aggressive" buyer of shares following a "strong" Q4 report, which showed comparable store sales (comps) of 3.6%, slightly below the firm's estimate of 4% [1] - The firm believes that if Ollie's can achieve a relatively stable mid-teens bottom line growth rate, the shares should trade at a significantly higher premium than currently reflected [1]