Dave & Buster’s price target lowered to $25 from $29 at UBS

UBS lowered the firm’s price target on Dave & Buster’s to $25 from $29 and keeps a Neutral rating on the shares. Dave & Buster’s Q2 results included still pressured sales trends likely given a difficult macro and brand specific challenges, while margins and earnings were also depressed, the analyst tells investors in a research note. While still in the early stages of a turnaround, with macro pressure remaining elevated and visibility limited, an eventual return to consistently positive same-store sales represents potential upside for shares, UBS adds.