PLAY - Dave & Buster's gains after Raymond James calls out 'compelling' upside

Raymond James upgrades Dave and Buster's Entertainment (PLAY) to a Strong Buy rating after having it slotted at Outperform. The firm points to some recent positive developments for the entertainment/dining chain."We are upgrading PLAY to Strong Buy from Outperform as the company’s recently completed high yield note offering effectively shelves (in our view) liquidity and covenant concerns well into 2022. Combined with the company’s encouraging sales and business update from last week, we believe this creates an even more compelling risk/reward."Shares of PLAY are up 3.25% premarket to $19.40.Shares of PLAY are up 3.25% premarket to $19.40.

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Dave & Buster's gains after Raymond James calls out 'compelling' upside