Dave & Buster’s price target raised to $66 from $60 at UBS

UBS analyst Dennis Geiger raised the firm’s price target on Dave & Buster’s to $66 from $60 and keeps a Neutral rating on the shares. Dave & Buster’s Q4 earnings and call commentary highlighted ongoing same-store sales headwinds, with another quarter of adjusted EBITDA upside from cost saving efforts, while progress continued on strategic initiatives, the analyst tells investors in a research note. UBS views risk/reward as balanced currently given the increasingly challenging macro and limited visibility into the near-term sales trajectory.