JPMorgan downgrades Ollie's Bargain Outlet to Neutral, sees Q2 miss
JPMorgan analyst Matthew Boss downgraded Ollie's Bargain Outlet to Neutral from Overweight with a price target of $70, down from $152. The firm is lowering its Q2 EPS estimate to $1.04, below the Street at $1.15, based on a 1% same-store-sales decline, below the Street call for 1.4% growth and management's expectation