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Fly News Breaks for December 3, 2018
ELY
Dec 3, 2018 | 09:21 EDT
Imperial Capital analyst George Kelly called Callaway Golf's agreement to acquire Jack Wolfskin for $476M "admittedly surprising," but he believes the stock has reacted too sharply and would be taking advantage of the 30% decline since September as a buying opportunity. Kelly, who sees many catalysts ahead that could improve sentiment, maintains an Outperform rating and $25 price target on Callaway Golf shares.
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