Truist analyst Jake Bartlett lowered the firm’s price target on Dave & Buster’s to $60 from $62 but keeps a Buy rating on the shares. The company’s Q4 comps were "strong" and its underlying demand appears solid, though the recent trends may be "slower", the analyst tells investors in a research note. Truist adds however that it would buy the stick on weakness given that Dave & Buster’s sales will be supported by operating improvements and its development is accelerating.
Published first on TheFly
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