Truist lowered the firm’s price target on Dave & Buster’s to $18 from $21 and keeps a Hold rating on the shares. The firm cites the company’s Q4 adjusted EBITDA miss that was driven by lower comps, and while the interim CEO is course correcting on many fronts, this may help rebuild sales but may not help Dave & Buster’s fend off competition longer-term, the analyst tells investors in a research note.
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