Ollie's Bargain Outlet Upgraded to Buy with $135 Price Target by Loop Capital
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Rating Upgrade: Loop Capital analyst Anthony Chukumba upgraded Ollie's Bargain Outlet from Hold to Buy and raised the price target from $130 to $135, reflecting confidence in the company's future growth potential.
- Market Performance: Ollie's Bargain shares closed at $107.97 on Friday, and the positive rating could attract more investor attention, potentially driving the stock price up and enhancing market confidence.
- Competitive Advantage: This upgrade indicates analysts' optimism regarding Ollie's Bargain's competitive position in the discount retail market, which is expected to help the company achieve greater success in future market share battles.
- Investor Confidence: With the price target increase, investors may reassess their portfolios regarding Ollie's Bargain stock, potentially leading to inflows of capital and further driving the stock price upward.
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Analyst Views on CMI
Wall Street analysts forecast CMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMI is 538.00 USD with a low forecast of 385.00 USD and a high forecast of 653.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
7 Buy
6 Hold
0 Sell
Moderate Buy
Current: 577.860
Low
385.00
Averages
538.00
High
653.00
Current: 577.860
Low
385.00
Averages
538.00
High
653.00
About CMI
Cummins Inc. is a global power solutions company. The Company’s segments are Components, Engine, Distribution, Power Systems, and Accelera. Components segment designs, manufactures, and supplies products which include axles, drivelines, brakes, and suspension systems. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, for on and off-highway markets. Distribution segment includes sale and support of a range of products and services, including power generation systems, high-horsepower engines, heavy and medium duty engines, and others. Power Systems segment is a power provider, which designs, manufactures and sells engines for industrial applications, prime power generator sets, alternators, and others. Accelera segment designs, manufactures, sells, and supports electrified power systems with components and subsystems, including battery, fuel cell and electric powertrain and hydrogen production technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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