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Fly News Breaks for February 3, 2017
ELY
Feb 3, 2017 | 08:51 EDT
After Callaway reported weaker than expected results, KeyBanc says it's encouraged by the company's 3.3 percentage points of share gains during the quarter. The firm thinks that the company's results could exceed its guidance, partly due to what it sees as the company's strong products and "an improving industry backdrop." It keeps a $16 price target and an Overweight rating on the shares.
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