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Fly News Breaks for June 12, 2019
PLAY
Jun 12, 2019 | 09:07 EDT
Raymond James analyst Brian Vaccaro lowered his price target on Dave & Buster's shares to $50 from $60 after the company reported "disappointing" Q1 comparable sales growth and unexpectedly cut its FY19 guidance, which he sees being due to increased competition and continued food and beverage challenges. However, he still sees a positive risk/reward balance given the stock's valuation and the company's "strong" new unit performance and Vaccaro keeps an Outperform rating on Dave & Buster's shares.
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