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Fly News Breaks for September 11, 2019
PLAY
Sep 11, 2019 | 06:16 EDT
Piper Jaffray analyst Nicole Miller Regan lowered her price target for Dave & Buster's to $40 from $55 saying the company's fiscal Q2 results included softer than expected same-store sales results and a guide down of fiscal 2019 expectations. The analyst is "not pleased" with the company's current fundamental trends but appreciates the "broad-based nature" of its outlined operational initiatives. As such, Regan maintains an Overweight rating on Dave & Buster's.
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