Dave & Buster’s Entertainment (NASDAQ:PLAY) fell more than 2% intra-day today after Raymond James revised its rating for the company to Market Perform from Outperform.

The decision comes as the stock’s recent strong performance and ongoing industry challenges lead to a more even risk/reward scenario. Despite short-term concerns, Raymond James analysts acknowledged the potential of the company’s revitalization strategy to significantly enhance EBITDA and the stock’s future value.

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