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Fly News Breaks for June 21, 2016
ELY
Jun 21, 2016 | 07:35 EDT
Jefferies analyst Randal Konik says a meeting with management reinforced his confidence that Callaway Golf is "posed to shift into offensive mode." The company is realizing the benefits of operational improvements and should continue to gain market share, Konik tells investors in a research note. Further, Callaway's 15% stake in TopGolf is still "largely unrealized," the analyst argues. He views the stock as attractive with a Buy rating and $14 price target.
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