Goldman Sachs Maintains Neutral on Topgolf Callaway Brands, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane has maintained a Neutral rating on Topgolf Callaway Brands (NYSE:MODG) but has reduced the price target from $20 to $13.

November 10, 2023 | 4:15 pm
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Goldman Sachs has lowered the price target for Topgolf Callaway Brands from $20 to $13 but kept the rating at Neutral.
A lowered price target by a major analyst like Goldman Sachs can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The maintenance of a Neutral rating suggests that the fundamentals of the company may not have significantly changed, but the reduction in the price target could reflect a revised outlook on the company's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100