B. Riley analyst Eric Wold raised the firm’s price target on Topgolf Callaway to $31 from $29 and keeps a Buy rating on the shares following the Q4 results. The report was solid on broad-based demand strength from elevated on-/off-course participants despite adverse weather impacts to the Topgolf and apparel segments, the analyst tells investors in a research note. The firm increased estimates and sees additional room to move them higher.
Published first on TheFly
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