Fly News Breaks for September 11, 2019
Sep 11, 2019 | 08:25 EDT
SunTrust analyst Jake Bartlett lowered his price target on Dave & Buster's to $41 and kept his Hold rating after its Q2 results, saying that the company's disappointing same-store sales and a cut in guidance highlight its competitive headwinds. The analyst notes that while Dave & Buster's management is planning to boost sales with refurbishing efforts in 35 dining room locations, roll out a new app next month, and also launch a new "Terminator" VR title in November, he does not expect these measures to increase comps in the near term.
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