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Fly News Breaks for September 27, 2018
ELY
Sep 27, 2018 | 06:51 EDT
JPMorgan analyst Steven Zaccone raised his price target for Callaway Golf to $27 after hosting investor meetings with management. The analyst left the meetings with increased conviction that Callaway's sales growth and margin expansion profile "is in the midst of a multi-year cycle with the improving industry backdrop providing more fuel for growth in the years ahead." Zaccone sees the current Street consensus for 4% earnings growth in fiscal 2019 as a beatable bar and reiterates an Overweight rating on Callaway Golf.
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