Piper Sandler Downgrades Dave & Buster's Enter to Neutral, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Nicole Miller Regan downgraded Dave & Buster's Entertainment (PLAY) from Overweight to Neutral but raised the price target from $50 to $71.

April 04, 2024 | 11:01 am
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NEUTRAL IMPACT
Dave & Buster's was downgraded by Piper Sandler from Overweight to Neutral, although the price target was increased from $50 to $71.
The downgrade to Neutral suggests a more cautious outlook on the stock's immediate upside potential, indicating that the stock might not outperform the market in the short term. However, the increase in the price target to $71 from $50 signals a positive view on the company's value and potential growth, albeit at a slower pace than previously anticipated. This mixed signal could lead to short-term uncertainty among investors, balancing out potential positive and negative impacts on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100