JPMorgan Upgrades Ollie’s Bargain Outlet to Overweight
Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) received an upgrade to Overweight from JPMorgan with a price target of $105. The investment bank highlighted a favourable outlook for the retailer due to a robust closeout deal environment and plans for significant unit growth, targeting 1,300 stores by FY25. Following the upgrade, Ollie’s shares surged 9.43%, closing at $95.98.
BMO Capital Upgrades Kroger to Outperform
Kroger (NYSE: KR) was upgraded to Outperform by BMO Capital with a $60 price target. Analysts pointed to improved internal deliveries and a stable gross margin outlook. They also raised their FY2025 EPS estimate to $4.49, reflecting optimism about the company’s financial health. Kroger shares rose 1.82%, closing at $51.98.
Wolfe Research Upgrades iRhythm Technologies
iRhythm Technologies Inc. (NASDAQ: IRTC) was upgraded to Outperform by Wolfe Research with a $115 price target. Analysts cited a sensible entry valuation and expected resolution of key overhangs. The stock opened the session at $98, with analysts expressing confidence in the company’s growth trajectory and its premium valuation justified by anticipated high-teen revenue growth.
Aletheia Capital Downgrades Micron Technology to Hold
Micron Technology Inc. (NASDAQ: MU) was downgraded to Hold by Aletheia Capital, which also removed its $120 price target. The downgrade follows a significant stock increase since November 2023 and concerns over execution issues with the company’s HBM3E products, which could impact near-term revenue and profitability.
