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Fly News Breaks for December 11, 2019
Dec 11, 2019 | 09:07 EDT
SunTrust analyst Jake Bartlett raised his price target on Dave & Buster's to $42 after its "strong" Q3 earnings and "roughly in-line" comps that were driven by "strong" new store sales as well as cost savings reinvested into sales initiatives. The analyst notes that the company is implementing a "wide array" of sales drivers, but he does not anticipate a "silver bullet" to offset the upcoming competitive pressures next year. Bartlett keeps his Hold rating on Dave & Busters stock.
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