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Fly News Breaks for April 4, 2018
PLAY
Apr 4, 2018 | 09:32 EDT
SunTrust analyst Jake Bartlett lowered his price target on Dave & Buster's to $54 after the company's weak Q4 comps, but kept his Buy rating, citing a reset of expectations for the year, strong unit growth view, and a potential SSS catalyst from this summer's national launch of virtual reality gaming. Bartlett adds that his price target reflects a "conservative" 18-times expected FY19 PE valuation where he also believes a leveraged buy-out "could make sense".
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