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Express News | Topgolf Callaway Brands Corp : Truist Securities Cuts Target Price to $12 From $14
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Topgolf Callaway Stock Rises on Jeffries Upgrade. Analysts Say Shares Look 'Oversold.' -- Barrons.com
Topgolf Callaway (MODG.US) stock price rises by 13% as Jefferies upgrades the rating.
Jefferies has upgraded the investment rating of the sports company Topgolf Callaway Brands (MODG.US) from Hold to Buy, primarily because the market undervalues the company's worth. On Thursday, the stock rose by 13%, reporting at $8.89. Jefferies revised the Target Price from $11 to $13, and their analyst stated that Topgolf Callaway's stock price is lower than its competitor Acushnet Holdings (GOLF.US), yet has grown faster over the past three years. The report also indicated that the market has not acknowledged...
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