Truist Securities Maintains Buy on Topgolf Callaway Brands, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz maintains a Buy rating on Topgolf Callaway Brands (NYSE:MODG) but lowers the price target from $20 to $16.
August 08, 2024 | 12:57 pm
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Truist Securities analyst Michael Swartz maintains a Buy rating on Topgolf Callaway Brands but lowers the price target from $20 to $16.
The Buy rating suggests continued confidence in the company's performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100