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Fly News Breaks for January 10, 2018
PLAY
Jan 10, 2018 | 08:48 EDT
BMO Capital analyst Andrew Strelzik lowered his price target on Dave & Buster's to $60 after the company's negative pre-announcement which, he says, raises the uncertainty about its near-term trajectory for comps. Strelzik keeps his Outperform rating however, noting that his recent investor meeting with the management support his view that the brand is not broken. The analyst still believes that the longer-term outlook for Dave & Buster's remains attractive, adding that the latest downside in the stock price skews risks to the upside.
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