UBS raised the firm’s price target on Topgolf Callaway (MODG) to $11 from $10 and keeps a Neutral rating on the shares. Topgolf reported better than expected results for Q3, and Q4 guidance was broadly in line with expectations, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MODG:
- Texas Capital positive on Topgolf deal, ‘disappointed’ by implied valuation
- Topgolf Callaway has various levels to drive EBITDA growth, says Roth Capital
- Hold Rating for Topgolf Callaway Brands Amid Strategic Stake Sale and Core Business Challenges
- Hold Rating Maintained for Topgolf Callaway Brands Amid Partial Separation and Valuation Concerns
- Topgolf Callaway Brands Sells Majority Stake in Topgolf
