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Fly News Breaks for September 17, 2018
PLAY
Sep 17, 2018 | 08:27 EDT
SunTrust analyst Jake Bartlett raised his price target on Dave & Buster's to $74 and kept his Buy rating after its better than expected Q2, saying the beat in comps at -2.4% vs. -2.7% consensus highlights the company's recovery and the positive impact of its VR launch. The analyst notes that VR's contribution to SSS was in low-single digits and expects it to be "sustained and built upon" with additional "marquee" content. Bartlett also adds that he has even greater confidence in the turnaround of Dave & Buster's comps coming "without meaningful margin pressure".
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