Morgan Stanley Maintains Underweight on Topgolf Callaway Brands, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Megan Alexander has maintained an Underweight rating on Topgolf Callaway Brands (NYSE:MODG) and reduced the price target from $12.5 to $10.
November 10, 2023 | 2:19 pm
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Morgan Stanley analyst Megan Alexander maintains an Underweight rating on Topgolf Callaway Brands and lowers the price target from $12.5 to $10.
The reduction in price target by a major financial institution like Morgan Stanley suggests a bearish outlook on the stock, which could lead to a negative short-term impact on the stock price of Topgolf Callaway Brands.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100