Texas Capital analyst Eric Wold initiated coverage of Topgolf Callaway (MODG) with a Hold rating and $8 price target The company should continue to benefit from the post-pandemic strength in golf participation, the analyst tells investors in a research note. However, the firm believes Topgolf same-venue sales will remain pressured heading into 2026, due to a decline in corporate event spending and consumer spending headwinds. This will “keep a lid” on the shares, Texas Capital contends.
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