PLAY - Dave & Buster's on watch after Longbow warns on choppy recovery
Longbow Research drops its rating on Dave & Buster's Entertainment (PLAY) to Neutral from Buy on a call tied mainly to valuation.Analyst Alton Stump says the COVID-19 vaccine news this week is likely more encouraging for Dave & Buster's than any other concept within the publicly-traded restaurant sector given its leading exposure to large group settings, but sees the 35% surge in share price as overdone given the long road to recovery.Shares of D&B are down 2.57% premarket.Yesterday: Vaccine development sets up well for Planet Fitness and Dave & Buster's
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Dave & Buster's on watch after Longbow warns on choppy recovery