Truist Securities Maintains Buy Rating for Callaway Golf, Lowers Price Target To $36


Truist Securities has decided to maintain its Buy rating of Callaway Golf ELY and lower its price target from $42.00 to $36.00.

Shares of Callaway Golf are trading down 1.4% over the last 24 hours, at $22.11 per share.

A move to $36.00 would account for a 62.86 increase% shift from the current share price.

About Callaway Golf

Callaway Golf Co manufactures golf clubs. It operates in the below segments: Topgolf; Golf Equipment and Apparel, Gear & Other. The golf equipment segment manufactures golf balls and golf clubs, which includes woods, irons, and putters. The Apparel, Gear & Other segment manufactures golf apparel, footwear, golf bags, golf gloves, headwear, practice aids, and also tops bottoms and outerwear. Some of its brands are Odyssey, OGIO, TravisMathew, and Jack Wolfskin. Its geographical segments are the United States, Europe, Japan, and the Rest of the World.

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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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