Raymond James Downgrades Topgolf Callaway Brands to Underperform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello has downgraded Topgolf Callaway Brands (NYSE:MODG) from Outperform to Underperform, indicating a negative outlook on the stock.
August 23, 2024 | 3:13 pm
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Raymond James has downgraded Topgolf Callaway Brands from Outperform to Underperform, suggesting a negative short-term outlook for the stock.
The downgrade from Outperform to Underperform by a reputable analyst like Joseph Altobello at Raymond James typically indicates a negative sentiment towards the stock. This can lead to a decrease in investor confidence and potential selling pressure, negatively impacting the stock price in the short term.
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