Roth Capital lowered the firm’s price target on Topgolf Callaway (MODG) to $10 from $11 and keeps a Buy rating on the shares after its Q1 results and affirmed guidance. The company’s results and trends remain mixed, but the firm sees value in its portfolio and believes that a Topgolf sale is the most likely outcome of the ongoing strategic review, the analyst tells investors in a research note.
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