Topgolf Callaway price target raised to $14 from $13 at Roth Capital

Roth Capital raised the firm’s price target on Topgolf Callaway (MODG) to $14 from $13 and keeps a Buy rating on the shares following another beat and raise quarter from the company. Topgolf SVS inflected positive and demand for the core equipment business remains healthy. The firm continues to see significant value based on the sum-of-the-parts as plans for a spin or sale draw nearer.