Fly News Breaks for September 11, 2019
Sep 11, 2019 | 07:54 EDT
Raymond James analyst Brian Vaccaro downgraded Dave & Buster's to Market Perform from Outperform, citing a recent further deterioration in comps that offsets the stock's low valuation and potential activists. While management communicated several near-term initiatives to revitalize the brand, streamline costs, and work towards a more flexible new unit growth pipeline, Vaccaro tells investors in a research note that increased competition remains a primary headwind.
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