** Bowling center operator Bowlero's BOWL.N shares up ~6% at $12.42
** Truist Securities initiates coverage with "buy" rating and PT of $16
** Bowlero's differentiated offering of bowling centers and its scale represent key competitive advantages, brokerage says
** Adds BOWL is not only dominant operator of U.S. bowling centers, but also in out-of-home entertainment sector that includes theaters and theme parks
** Brokerage says BOWL's considerable resources, investment capacity and consumer reach are difficult for competitors to match
** Including session's moves, BOWL stock has fallen 12% YTD
(Reporting by Aamir Sohail in Bengaluru)
((Aamir.Sohail@thomsonreuters.com;))
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