JP Morgan Downgrades Topgolf Callaway Brands to Neutral, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has downgraded Topgolf Callaway Brands (NYSE:MODG) from Overweight to Neutral and lowered the price target from $23 to $13.
November 09, 2023 | 2:41 pm
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Topgolf Callaway Brands has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $13.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Topgolf Callaway Brands. The lowered price target suggests that JP Morgan expects the stock's value to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100