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Dave & Buster’s price target lowered to $59 from $63 at Loop Capital

Loop Capital lowered the firm’s price target on Dave & Buster’s to $59 from $63 and keeps a Buy rating on the shares. The company reported a “solid” Q2 earnings beat but a miss on comps, and the firm is adjusting its model to forecast a 5% SSS decline in Q3 vs. a forecast of flat comps previously, the analyst tells investors in a research note. Loop Capital is also reducing its Q3 EBITDA outlook to $81M from $88M.

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