Dave & Buster’s price target lowered to $56 from $59 at Truist

Truist analyst Jake Bartlett lowered the firm’s price target on Dave & Buster’s to $56 from $59 and keeps a Buy rating on the shares. Truist views the setup into Q3 results as positive, and expects the focus on Q4 sales drivers to offset a potential Q3 same-store sales miss, the analyst tells investors in a research note. The lack of sales recovery in Q3 is disappointing, but Dave & Buster’s is not alone and Truist expects its turnaround initiatives to start bearing fruit in Q4.