** Shares of bowling chain operator Lucky Strike Entertainment LUCK.N down 4.2% at $10.15 premarket
** Brokerage J.P.Morgan downgrades stock to "neutral" from "overweight", cuts PT by $3 to $12
** Sees Q2 sales affected by softer event revenue, reduced retail walk-ins and an unfavorable calendar shift as New Year moves into next quarter, aside from impacts from price increases
** Says profits are hurt by recurring expenses from recent acquisitions of Raging Waves water park and Boomers Parks chain of family entertainment centers
** Co was previously listed as Bowlero, which rebranded itself as Lucky Strike Entertainment in December, and is set to announce Q2 results on Feb. 3
** 9 of 11 brokerages rate the stock "buy" or higher, and two "hold"; with a median PT of $17- LSEG data
** LUCK fell 29.3% in 2024
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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