Bowlero price target lowered to $14 from $17 at Roth MKM

Roth MKM analyst Eric Handler lowered the firm’s price target on Bowlero to $14 from $17 and keeps a Buy rating on the shares ahead of the company’s Q1 results. The implementation of various pricing promotions are seeing positive initial results, but these are still in their early days, the analyst tells investors in a research note.