Raymond James Maintains Outperform on Topgolf Callaway Brands, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello has maintained an Outperform rating on Topgolf Callaway Brands (NYSE:MODG), but lowered the price target from $30 to $14.
November 09, 2023 | 1:47 pm
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NEGATIVE IMPACT
Topgolf Callaway Brands' price target has been lowered from $30 to $14 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James indicates a potential decrease in the stock's value. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100