Dave & Buster's (PLAY) Sell-Off on Bankruptcy Fears 'Unfounded' - Truist Securities
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Go back to Dave & Buster's (PLAY) Sell-Off on Bankruptcy Fears 'Unfounded' - Truist Securities
September 18, 2020 9:50 AM EDT
Stifels analyst Chris O'Cull upgraded Dave & Buster's (NASDAQ: PLAY) stock to a "Buy" from "Hold" with a $20 target price. The analyst believes the current price ($14.12) represents an attractive investment opportunity for investors with higher risk tolerance.
Shares of PLAY tumbled 26% yesterday following a WSJ article noting the language in the company's 10-Q, which was filed last week. It states that a failure to obtain additional waivers from lenders may result in the need to petition for relief under Chapter 11.
We argue the... More
September 17, 2020 8:51 AM EDT
Dave & Buster's Entertainment (NASDAQ: PLAY) was set to open lower following a Dow Jones report that said the company "warns of bankruptcy if no lender deal is stuck." The report cites a filing from last week.
Shares are set to open down 12%.
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