Dave & Buster's Entertainment (PLAY) IV at 141 amid wide intra-day price movement
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Dave & Buster's (PLAY) Upgraded Multiple Times on Bankruptcy 'Overreaction'
September 18, 2020 9:50 AM EDTStifels 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.
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