Callaway Golf price target raised to $17 from $15 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Callaway Golf (CALY) to $17 from $15 and keeps an Equal Weight rating on the shares following the PGA show in Orlando, Florida. Golf interest and participation is “vibrant,” setting the stage for solid 2026 industry growth, says the analyst, who prefers Callaway over Acushnet (GOLF) on catalysts and valuation, but is raising targets on both.