Truist Securities has decided to maintain its Buy rating of Callaway Golf (NYSE: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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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.
