Raymond James raised the firm’s price target on Topgolf Callaway to $16 from $14 and keeps an Outperform rating on the shares. The firm believes valuation will remain depressed despite a meaningful venue growth opportunity until the business can demonstrate a return to sustainable comp growth, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MODG:
- Topgolf Callaway, Vestis to join S&P 600 at open on 12/18
- Houlihan Lokey, Equitable Holdings to be added to S&P 400 at open on 12/18
- Topgolf Callaway price target lowered to $21 from $28 at Compass Point
- Topgolf Callaway price target lowered to $13 from $20 at Goldman Sachs
- Topgolf Callaway falls -14.1%