B. Riley analyst Anna Glaessgen raised the firm’s price target on Topgolf Callaway (MODG) to $9.50 from $7 and keeps a Neutral rating on the shares. Q2 results came in better than expected, but the firm remains on the sidelines given general uncertainty around the timing and structure of the Topgolf and Callaway separation, which is now potentially extending into 2026.
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