Truist raised the firm’s price target on Dave & Buster’s to $22 from $18 but keeps a Hold rating on the shares ahead of its Q1 results next week. The Truist Card Data suggest that sales trends improved in April and May vs. February, but only modestly despite the new games, TV advertising, new menu items and improved weather, the analyst tells investors in a research note. While trends seem to have improved further in May, the firm also cautions that growth rates in the data remain volatile, Truist added.
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