There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Dave & Busters Entertainment (NASDAQ:PLAY) and Genesco Inc (NYSE:GCO) with bullish sentiments.
Dave & Busters Entertainment (PLAY)
Maxim Group analyst Stephen Anderson maintained a Buy rating on Dave & Busters Entertainment today and set a price target of $68. The company’s shares closed on Friday at $57.65, close to its 52-week high of $58.86.
Anderson observed:
“We maintain our Buy rating and $68 price target on Dave & Buster’s Entertainment (PLAY) ahead of F2Q18 (July) results on Friday, September 14.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 16.4% and a 76.1% success rate. Anderson covers the Services sector, focusing on stocks such as Good Times Restaurants Inc, Dine Brands Global Inc, and Brinker International.
Dave & Busters Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $64.57.
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Genesco Inc (GCO)
In a report released today, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Genesco Inc, with a price target of $55. The company’s shares closed on Friday at $47.50, close to its 52-week high of $51.85.
Kummetz wrote:
“We upgraded GCO a couple of weeks ago, given our positive view on Journeys, as we anticipated upside to 2Q SSS and were also bullish on a continuation of this momentum into 3Q. This is playing out even better than expected, and J&M is also trending well; however, we weren’t expecting to now look worse than previously expected. As such, in aggregate, we’re a bit disappointed, but, as we review our all of our assumptions, we now see potential room for upside on margins.”
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 2.4% and a 54.8% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Tilly’s Inc.
Genesco Inc has an analyst consensus of Moderate Buy, with a price target consensus of $48.50.
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