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Fly News Breaks for April 4, 2018
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Apr 4, 2018 | 07:39 EDT
BMO Capital analyst Andrew Strelzik lowered his price target on Dave & Buster's to $49 after the company's Q4 results, saying the above-consensus EBITDA was offset by softer same store sales along with below-consensus outlook for FY18. Despite his modeling of lower comps and EBITDA forecasts this year, the analyst keeps his Outperform rating, noting that Dave & Buster's virtual reality gaming could prove to be an effective traffic driver. Strelzik also contends that the valuation risk-reward is "meaningfully skewed to the upside".