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Fly News Breaks for May 3, 2018
ELY
May 3, 2018 | 05:15 EDT
Imperial Capital analyst George Kelly raised his price target for Callaway Golf to $21 citing the company's "impressive" Q1 results. The analyst says he does not understand why the shares were up only modestly following the "blowout quarter." Callaway has "strong industry tailwinds, great new products, and impressive financial metrics," Kelly tells investors in a post-earnings research note. He views the company's second half of 2018 guidance as conservative, raised his estimates "considerably," and keeps an Outperform rating on the shares..
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