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ELY

Callaway Golf

$16.39

-2.51 (-13.28%)

13:30
11/30/18
11/30
13:30
11/30/18
13:30

Callaway acquisition brings 'strong synergy opportunities,' says B. Riley FBR

B. Riley FBR analyst Susan Anderson reiterates a Buy rating on Callaway Golf with a $30 price target following this morning's announced acquisition of Jack Wolfskin for $476M. The stock in afternoon trading is down 13%, or $2.46, to $16.45. The transaction is expected to be dilutive in the first year, before becoming earnings accretive in year two, Anderson tells investors in a research note. The analyst believes Callaway's distribution capabilities and wholesale partnerships present "strong synergy opportunities" as Jack Wolfskin's business is integrated and expanded. The transaction fits within Callaway's recent acquisition history as it pushes into further apparel/ equipment opportunities within the active lifestyle space, says Anderson. She sees the company benefiting from the diversity offered by its broader portfolio.

  • 30

    Nov

ELY Callaway Golf
$16.39

-2.51 (-13.28%)

09/27/18
JPMS
09/27/18
NO CHANGE
Target $27
JPMS
Overweight
Callaway Golf price target raised to $27 from $25 at JPMorgan
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.
08/07/18
IMPC
08/07/18
NO CHANGE
Target $25
IMPC
Outperform
Callaway Golf price target raised to $25 from $21 at Imperial Capital
Imperial Capital analyst George Kelly raised his price target for Callaway Golf to $25 saying the company reported "another strong quarter" for Q2. The valuation is still not stretched and positive catalysts remain, Kelly tells investors in a research note. He believes the forward guidance leaves room for upside and keeps an Outperform rating on Callaway.
08/03/18
ROTH
08/03/18
NO CHANGE
Target $24
ROTH
Buy
Callaway Golf price target raised to $24 from $20 at Roth Capital
Roth Capital analyst Dave King raised his 2018 and 2019 EPS estimates for Callaway Golf after the company raised guidance to reflect Q2 upside, higher revenue, and "much stronger" bottom-line flow through. King, who notes strong industry growth and Callaway's market share gains, especially in balls, keeps a Buy rating on the shares and raised his price target to $24 from $20.
06/14/18
JPMS
06/14/18
NO CHANGE
Target $23
JPMS
Overweight
Callaway price target raised to $23 ahead of U.S. Open at JPMorgan
JPMorgan analyst Steven Zaccone raised his price target for Callaway Golf to $23 ahead of this week's U.S. Open at Shinnecock Hills Golf Club in Southampton, NY. The recent strength in the U.S. golf market, combined with the strong reception to Callaway's new product offerings, should drive upside to Street estimates, Zaccone tells investors in a research note. The analyst believes Callaway's fiscal 2018 guidance "conservatively embeds" first half market growth of 9%-10% decelerating to flat-to-low growth in the second half. He reiterates an Overweight rating on the shares.

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CTSH

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HMSY

HMS Holdings

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CBWTF

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$47.17

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  • 07

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NXRT

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APLS

Apellis

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  • 07

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KKR

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BHVN

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BMY

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ENR

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AMZN

Amazon.com

$1,734.99

-10.51 (-0.60%)

, MSFT

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$149.46

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ABCB

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BWEN

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ASTC

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