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JUST IN: Jefferies projects a 42% upside for this giant that dominates an unrivaled market.
Ollie’s Bargain Outlet (OLLI) is the leader in a niche that is only getting bigger, and the market hasn’t fully appreciated it yet, according to Jefferies.
The firm upgraded the discount retailer’s rating to buy from hold on Thursday.
It also raised its price target for the stock to $130 from $120, implying approximately 42% upside potential. Shares rose more than 3% in afternoon trading.