Dave & Buster's Entertainment shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral, while raising the price target from $50 to $71.
Portfolio Pulse from Benzinga Newsdesk
Dave & Buster's Entertainment (PLAY) shares are trading lower following a downgrade by Piper Sandler from Overweight to Neutral, despite an increase in the price target from $50 to $71.
April 04, 2024 | 3:15 pm
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Dave & Buster's Entertainment (PLAY) experienced a stock price decline after Piper Sandler downgraded the stock to Neutral from Overweight, but raised the price target to $71 from $50.
The downgrade by Piper Sandler to a Neutral rating suggests a more cautious outlook on PLAY's stock, leading to a short-term negative impact on its price. However, the increase in the price target to $71 indicates a positive long-term outlook, which might mitigate the immediate negative reaction over time.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100