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.
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- Topgolf Callaway, Vestis to join S&P 600 at open on 12/18
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- 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%
