Morgan Stanley Initiates Coverage On Topgolf Callaway Brands with Underweight Rating, Announces Price Target of $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Megan Alexander has initiated coverage on Topgolf Callaway Brands (NYSE:MODG) with an Underweight rating and a price target of $12.
September 28, 2023 | 12:54 pm
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Morgan Stanley has initiated coverage on Topgolf Callaway Brands with an Underweight rating and a price target of $12.
The Underweight rating from Morgan Stanley suggests that the firm believes MODG's stock is expected to underperform compared to other stocks. The price target of $12 also indicates a potential downside from the current price. This could negatively impact the stock's performance in the short term.
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