Truist lowered the firm’s price target on Dave & Buster’s to $60 from $63 but keeps a Buy rating on the shares ahead of its results. The firm’s Card Data suggests roughly in-line Q2 comps but a deceleration in Q3, creating a challenging near-term setup heading into earnings, the analyst tells investors in a research note. Truist adds however that it would be a buyer on weakness since the company’s weak comps are somewhat priced in after the stock’s 14.7% decline in the past month and given its Q3 sales drivers with sports oriented marketing.
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