DA Davidson & Co Reiterates Callaway Golf Company Neutral, Raises PT to $7

DA Davidson & Co reiterates Callaway Golf Company's (NYSE: ELY) Neutral rating and raises the company's price target from $6 to $7 in a research report out today following the company's earning results.

In the report, DA Davidson & Co writes, "We reiterate our NEUTRAL rating as we await increased visibility to the timing and magnitude of a material improvement in operating results before recommending shares."

Shares of Callaway Golf Company are currently trading at $6.29, up 1.45% from yesterday's close.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.