Dollar Tree, Ollie's shares rise as Goldman Sachs ups to 'buy'

National Vision Holdings

17/10/2023 15:57

** Shares Of Dollar Tree  DLTR.O  gain 3.4% and Ollie's
Bargain Outlet  OLLI.O  up 4.5% after Goldman Sachs upgrades the
discount retailers to "buy" from "neutral"
    ** GS sees strong earnings growth potential for Dollar Tree,
supported by continued market share gains, lower freight costs
and turnaround efforts; hikes PT to $150 from $130 
    ** For OLLI, GS says recent bankruptcies and large-scale
store closures of retailers present attractive opportunities for
the company, both in terms of inventory and real estate; raises
PT to $83 from $75 
    ** GS however downgrades BJ's Wholesale Club  BJ.N  to
"neutral" from "buy"; sees limited earnings upside for BJ with
stock trading at a full valuation; shares still up 1.4%  
    ** Optics retailer National Vision Holdings  EYE.O  dips
2.3% as GS downgrades to "neutral", citing near-term headwinds
from exam capacity constraints, termination of Walmart
partnership and margin concerns due to remote medicine rollout

 (Reporting by Sruthi Shankar in Bengaluru)
 ((sruthi.shankar@thomsonreuters.com;))