B. Riley Securities Downgrades Topgolf Callaway Brands to Neutral, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Topgolf Callaway Brands (NYSE:MODG) from Buy to Neutral and reduced the price target from $18 to $12.
October 17, 2024 | 12:13 pm
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NEGATIVE IMPACT
B. Riley Securities has downgraded Topgolf Callaway Brands from Buy to Neutral, reducing the price target from $18 to $12.
The downgrade from Buy to Neutral and the significant reduction in the price target from $18 to $12 by B. Riley Securities suggests a negative outlook on Topgolf Callaway Brands' short-term performance. This is likely to lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100