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Fly News Breaks for December 7, 2016
PLAY
Dec 7, 2016 | 08:47 EDT
BMO Capital analyst Andrew Strelzik raised his price target on Dave & Buster's after the company reported higher than expected Q3 EPS and raised its EPS guidance. The analyst believes that the company is one of the most direct plays on consumer spending and could be one of the biggest beneficiaries of corporate tax reform given its 37% average tax rate over the past few years. As a result, the analyst says that the company "may be the ultimate Trump trade." He keeps an Outperform rating on the stock.
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