JPMorgan analyst Matthew Boss raised the firm’s price target on Bowlero to $20 from $18 and keeps an Overweight rating on the shares after meeting with management. The company is experiencing a "multi-year flywheel effect" while offering insulation from both macro and micro risks, the analyst tells investors in a research note. Bowlero cited bowling as historically a "trade-down" activity in an uncertain macroeconomic backdrop, the firm points out.
Published first on TheFly
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