Dave and Buster's Entertainment Inc (PLAY)

[@LaughinPaulRyan]

... DING DING DING ... $PLAY

10:46 ET - Dave & Buster's 26% stock decline on Thursday following reports the company could file for bankruptcy was overblown, analysts say, with the pullback representing a buying opportunity instead. D&B's sales are recovering and comparable sales are showing signs of improvement as stores reopen. Moreover, D&B's covenants have been suspended until its 4Q results next year, Raymond James says. "Outside of a hard lockdown/closures due to Covid, we are optimistic that the company's profitability will have returned to solidly positive territory by then (with all units reopened) and that its lenders would be willing to amend its covenant definition," the firm says. Raymond James upgrades D&B's stock to outperform from market perform. Shares of D&B jump 11% Friday to around $15.75. ([e-mail]; mskimberlychin)