Truist analyst Michael Swartz raised the firm’s price target on Topgolf Callaway (MODG) to $10 from $7 and keeps a Buy rating on the shares. The company reported a solid Q1 print and reiterated consolidated FY25 guidance, and while the management trimmed its Topgolf revenue/same-venue-sales outlooks for the year, the firm is positive on the decision to prioritize growth vs. margins in the near term, the analyst tells investors in a research note.
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