** Off-price retailer Ollie's Bargain Outlet's OLLI.O shares rise 1.5% to $116.68 in early trade
** Brokerage Citigroup raises rating to "buy" from "sell" and hikes PT to $133 from $64
** New PT is a 15.7% premium to stock's last close
** Brokerage says OLLI is in position to do well in a tough retail landscape where consumers are looking for discounts and value
** "OLLI’s agile buying organization is set to capitalize on merchandise disruption from retail closures, supply chain, and tariffs turmoil" - Citigroup
** Brokerage says OLLI's competitive positioning is getting stronger as it adds more stores and the company is poised for success in the closeout business space
** Stock has risen 51% YTD, as of last close
(Reporting by Aamir Sohail in Bengaluru)
((Aamir.Sohail@thomsonreuters.com;))
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