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Fly News Breaks for August 7, 2017
ELY
Aug 7, 2017 | 10:04 EDT
As previously reported, Compass Point downgraded Callaway Golf to Neutral from Buy with a $13.75 price target, up from $13.60. Analyst Casey Alexander said the $125.5M acquisition of TravisMathew, an apparel company, will require at least one year of debt reduction before it is accretive to valuation, and creates risks from integration.
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