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Fly News Breaks for January 11, 2018
PLAY
Jan 11, 2018 | 07:36 EDT
SunTrust analyst Jake Bartlett lowered his price target on Dave & Buster's as part of his "Restaurants - ICR '18 - Cautious Optimism and Taxes" research note. Bartlett says the latest negative comps update is attributed to a promotional mismatch, adverse weather, and rising competition, but believes the weak results are "transitory". The analyst keeps his Buy rating on Dave & Buster's, forecasting a return to positive SSS in Q2.
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