Stephens & Co. Downgrades Topgolf Callaway Brands to Equal-Weight, Announces $13 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Daniel Imbro has downgraded Topgolf Callaway Brands (NYSE:MODG) from Overweight to Equal-Weight and set a price target of $13.
November 09, 2023 | 2:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Topgolf Callaway Brands has been downgraded by Stephens & Co. from Overweight to Equal-Weight, with a new price target of $13.
The downgrade from Overweight to Equal-Weight by Stephens & Co. indicates a less optimistic outlook for the company's stock. This, combined with the announcement of a $13 price target, could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100