Ollie's Bargain Outlet: Rating Downgrade As Upside Is No Longer Attractive
OLLIOllie's Bargain Outlet (OLLI) Seeking Alpha·2024-09-12 22:26
Paper Boat Creative Investment action I recommended a buy rating for Ollie’s Bargain Outlet (NASDAQ:OLLI) when I wrote about it in June, as I turned more positive about OLLI’s ability to grow at my expected rate (10%) with margin expansion. Based on my current outlook and analysis, I recommend a hold rating. The reason for my downgrade is not because of a poor fundamental outlook. But rather, it is because valuation has moved up since my last update, and the upside is no longer attractive. Review OLLI r ...