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Fly News Breaks for April 4, 2018
PLAY
Apr 4, 2018 | 08:05 EDT
Maxim analyst Stephen Anderson lowered his price target on Dave & Buster's to $62 citing the company's soft FY19 guidance and a miss on Q4 comps. Anderson notes that the stock is no longer his Top Pick in the space as it faces an "extended period of investment" this year, but still believes that comps will turn positive by Q3 and margins will begin to expand by FY19. The analyst keeps his Buy rating on Dave & Buster's given its competitive advantage relative to other "eater-tainment" peers.
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