Ollie’s Bargain Outlet price target lowered to $135 from $150 at BofA

Core Viewpoint - BofA has lowered the price target for Ollie's Bargain Outlet (OLLI) to $135 from $150 while maintaining a Buy rating on the shares, reflecting a mixed outlook on the company's performance [1] Financial Estimates - The firm is increasing its FY26 and FY27 EPS estimates by 2% and 1% respectively, due to an improved gross margin outlook and increased share buyback [1] - The price target reduction is attributed to peer multiple compression, indicating a shift in market valuation dynamics [1]