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Fly News Breaks for June 12, 2019
ELY
Jun 12, 2019 | 08:41 EDT
After hosting meetings with management, Jefferies analyst Randal Konik keeps a Buy rating on Callaway Golf with a $27 price target. The core golf business "remains healthy" and Taylor Made has a "long runway of growth ahead," Konik tells investors in a research note. Further, while Jack Wolfskin adds near-term risk, this is more than priced in at current share levels, adds the analyst. He believes that as investors begin to appreciate Jack Wolfskin's long-term opportunity, Callaway shares will move "meaningfully higher."
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