Truist analyst Jake Bartlett lowered the firm’s price target on Dave & Buster’s to $27 from $29 and keeps a Hold rating on the shares. The firm sees a slightly negative setup for the stock heading into the company’s Q2 results with an expected comps and adjusted EBITDA miss, the analyst tells investors in a research note. The appointment of Tarun Lal as CEO is a positive, but the firm does not expect material additions or changes to strategic plans for Dave & Buster’s for at least 2-3 quarters, the firm added.
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