Analysts Offer Insights on Services Companies: Ollie’s Bargain Outlet Holding (NASDAQ: OLLI) and AmerisourceBergen (NYSE: ABC)

By Ryan Adsit

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Ollie’s Bargain Outlet Holding (NASDAQ: OLLI) and AmerisourceBergen (NYSE: ABC).

Ollie’s Bargain Outlet Holding (NASDAQ: OLLI)

Credit Suisse analyst Edward Kelly reiterated a Hold rating on Ollie’s Bargain Outlet Holding (NASDAQ: OLLI) on May 31 and set a price target of $41. The company’s shares closed last Friday at $42.90, close to its 52-week high of $44.08.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.7% and a 70.9% success rate. Kelly covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Performance Food Group, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Ollie’s Bargain Outlet Holding is Moderate Buy and the average price target is $43.50, representing a 1.4% upside.

In a report issued on May 30, MKM Partners also downgraded the stock to Hold.
AmerisourceBergen (NYSE: ABC)

In a report issued on May 31, Robert Willoughby from Credit Suisse reiterated a Buy rating on AmerisourceBergen (NYSE: ABC), with a price target of $95. The company’s shares closed last Friday at $93.58, close to its 52-week high of $94.50.

Willoughby noted:

“We continue to favor ABC as one of our top five picks for 2017 for its relationships with WBA and ESRX that are helping to drive growth and profitability, with ancillary businesses contributing more in a capital efficient manner.”

According to TipRanks.com, Willoughby is a 4-star analyst with an average return of 8.4% and a 62.4% success rate. Willoughby covers the Services sector, focusing on stocks such as Service Corp International, Walgreens Boots Alliance, and Healthcare Services.

AmerisourceBergen has an analyst consensus of Moderate Buy, with a price target consensus of $94.33.

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