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ELY

Callaway Golf

$21.38

-0.6 (-2.73%)

17:31
01/10/20
01/10
17:31
01/10/20
17:31

Jana Partners reports roughly 8% stake in Callaway Golf

In a regulatory filing, Jana Partners disclosed about an 8% stake in Callaway Golf, which represents 7,530,268 shares. The filing allows for activism.

ELY Callaway Golf
$21.38

-0.6 (-2.73%)

09/11/19
09/11/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) upgraded to Buy from Neutral at Longbow with analyst Nikolay Todorov saying his channel checks indicate upside in shipments and improving DRAM and NAND pricing fundamentals. 2. Alliance Data (ADS) upgraded to Buy from Neutral at Goldman Sachs with analyst Ryan Nash saying after peaking at $310 in 2015, shares of Alliance Data are off 57% as the company has "battled a long list of issues," including credit normalization, lower recoveries and retailer struggles leading to slower growth. 3. Alcoa (AA) upgraded to Outperform from Neutral at Credit Suisse with analyst Curt Woodworth saying he expects alumina prices to recover on "significant" capacity cuts in China, an end to inventory destocking, and the Alpart shutdown. 4. Callaway Golf (ELY) upgraded to Outperform from Market Perform at Raymond James with analyst Joseph Altobello citing the firm's sum-of-the-parts base case valuation on Callaway's golf club, ball, apparel and gear business, the Jack Wolfskin business and Callaway's TopGolf investment. 5. Oshkosh (OSK) and Agco (AGCO) upgraded to Overweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/19
RILY
10/09/19
NO CHANGE
Target $30
RILY
Buy
Topgolf IPO would be positive for Callaway Golf, says B. Riley FBR
B. Riley FBR analyst Susan Anderson believes an initial public offering of Topgolf could be positive for Callaway Golf given its 14% stake. Callaway's stake is now worth "significantly more" than the ~$3 per share cited back in 2017 when the company valued its stake at $290M, Anderson tells investors in a research note. Given Topgolf's growth, the analyst believes its valuation has increased to at least ~$3.3B, which would contribute $6 per share to Callaway. She reiterates a Buy rating on Callaway Golf with a $30 price target.
01/02/20
SPHN
01/02/20
NO CHANGE
SPHN
Stephens releases Best Ideas list for 2020
Before the open, Stephens released its annual Best Ideas list, noting, "For 2020, we hope our Best Ideas list outperforms the Russell 2000 and as the case every year, our goal is to drive Alpha-each of our 30 industry teams identifies the one stock they expect to outpace the performance of their industry, the Russell 2000 and the markets in general." The stocks mentioned were Aaron's (AAN), AGCO Corporation (AGCO), AMETEK (AME), Avalara (AVLR), Cactus (WHD), Callaway Golf (ELY), CarMax (KMX), Carrols Restaurant Group (TAST), Cigna (CI), Compass Minerals (CMP), Concho Resources (CXO), CoStar Group (CSGP), Hub Group (HUBG), Ingredion (INGR), National Bank Holdings (NBHC), Nexstar Media Group (NXST), Quanta Services (PWR), RealPage (RP), Schneider National (SNDR), STAAR Surgical (STAA), Sterling Bancorp (STL), TCF Financial (TCF), Umpqua Holdings (UMPQ), Veritex Holdings (VBTX), Vonage Holdings (VG), Vulcan Materials (VMC), and Zynga (ZNGA).
01/06/20
JEFF
01/06/20
DOWNGRADE
Target $34
JEFF
Hold
Jefferies downgrades Acushnet to Hold on valuation, prefers Callaway
Jefferies analyst Randal Konik downgraded Acushnet Holdings (GOLF) to Hold from Buy with an unchanged price target of $34. The stock's valuation is near an all-time high with a lack of near-term catalysts, Konik tells investors in a research note. The analyst believes Acushnet remains "best-in-class" but he prefers shares Callaway Golf (ELY) as a way to play strength in the golf industry. Acushnet's positives are already reflected in the stock price, contends Konik.

TODAY'S FREE FLY STORIES

DGLY

Digital Ally

$0.94

(0.00%)

17:27
01/21/20
01/21
17:27
01/21/20
17:27
Syndicate
Breaking Syndicate news story on Digital Ally »

Digital Ally files to…

03/08/13
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03/06/13
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KSU

Kansas City Southern

$165.54

-1.03 (-0.62%)

17:24
01/21/20
01/21
17:24
01/21/20
17:24
Downgrade
Kansas City Southern rating change  »

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AES

AES Corp.

$20.47

-0.02 (-0.10%)

17:23
01/21/20
01/21
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17:23
Hot Stocks
AES Corp's sPower suspends Seneca wind project »

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WTFC

Wintrust Financial

$66.90

-2.03 (-2.95%)

17:20
01/21/20
01/21
17:20
01/21/20
17:20
Earnings
Wintrust Financial reports Q4 EPS $1.44, consensus $1.58 »

For the fourth quarter of…

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  • 22

    Jan

SKT

Tanger Factory

$15.93

0.56 (3.64%)

, MDR

McDermott

$0.70

(0.00%)

17:18
01/21/20
01/21
17:18
01/21/20
17:18
Hot Stocks
Tanger Factory to replace McDermott in S&P 600 at open on 1/27 »

McDermott International…

SKT

Tanger Factory

$15.93

0.56 (3.64%)

MDR

McDermott

$0.70

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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CIT

CIT Group

$45.23

-1.17 (-2.52%)

, SKT

Tanger Factory

$15.93

0.56 (3.64%)

17:17
01/21/20
01/21
17:17
01/21/20
17:17
Hot Stocks
Breaking Hot Stocks news story on CIT Group, Tanger Factory »

CIT Group to replace…

CIT

CIT Group

$45.23

-1.17 (-2.52%)

SKT

Tanger Factory

$15.93

0.56 (3.64%)

03/08/13
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  • 28

    Jan

IBM

IBM

$139.15

0.84 (0.61%)

17:15
01/21/20
01/21
17:15
01/21/20
17:15
Hot Stocks
IBM says there is continued momentum in hybrid cloud »

Says significant actions…

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  • 21

    Jan

  • 22

    Jan

TKTDY

Takata

$0.00

(0.00%)

, HMC

Honda

$27.60

-0.18 (-0.65%)

17:12
01/21/20
01/21
17:12
01/21/20
17:12
Periodicals
Honda to recall 2.4M older U.S. cars over faulty air bag inflators, Reuters says »

Honda (HMC) said it plans…

TKTDY

Takata

$0.00

(0.00%)

HMC

Honda

$27.60

-0.18 (-0.65%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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RIO

Rio Tinto

$59.95

-0.725 (-1.19%)

17:10
01/21/20
01/21
17:10
01/21/20
17:10
Downgrade
Rio Tinto rating change  »

Rio Tinto downgraded to…

03/08/13
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03/06/13
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RNST

Renasant

$35.37

-0.23 (-0.65%)

17:08
01/21/20
01/21
17:08
01/21/20
17:08
Earnings
Renasant reports Q4 EPS 67c, consensus 66c »

Net interest income was…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

    Jan

LYFT

Lyft

$47.91

1.33 (2.86%)

17:07
01/21/20
01/21
17:07
01/21/20
17:07
Hot Stocks
Lyft, LeBron James partner to expand bikeshare access across U.S. »

Lyft announced that it is…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 11

    Feb

AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

, TD

Toronto-Dominion

$56.55

-0.18 (-0.32%)

17:02
01/21/20
01/21
17:02
01/21/20
17:02
Earnings
TD Bank comments on expected impact of TD Ameritrade's Q1 earnings »

TD Bank (TD) announced…

AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

TD

Toronto-Dominion

$56.55

-0.18 (-0.32%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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UCBI

United Community Banks

$29.75

-0.6 (-1.98%)

17:02
01/21/20
01/21
17:02
01/21/20
17:02
Earnings
United Community Banks reports Q4 EPS 61c, consensus 58c »

Reports Q4 revenue…

03/08/13
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03/06/13
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  • 22

    Jan

OBE

Obsidian Energy

$0.87

-0.0616 (-6.61%)

17:02
01/21/20
01/21
17:02
01/21/20
17:02
Hot Stocks
Obsidian Energy reports FY19 production 26,900 boe/d »

Obsidian Energy announced…

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SMBK

SmartFinancial

$22.97

-0.35 (-1.50%)

17:01
01/21/20
01/21
17:01
01/21/20
17:01
Earnings
SmartFinancial reports Q4 operating EPS 46c, consensus 40c »

Billy Carroll, President…

03/08/13
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  • 22

    Jan

TTWO

Take-Two

$130.40

0.42 (0.32%)

17:00
01/21/20
01/21
17:00
01/21/20
17:00
Periodicals
Grand Theft Auto V maker Rockstar claimed tax relief in 2019, Telegraph says »

Matthew Field of the…

03/08/13
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03/08/13
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03/06/13
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  • 06

    Feb

BA

Boeing

$313.31

-10.8 (-3.33%)

, WJAFF

WestJet

$0.00

(0.00%)

16:59
01/21/20
01/21
16:59
01/21/20
16:59
Hot Stocks
WestJet makes statement on Boeing 737 MAX »

Following Boeing's…

BA

Boeing

$313.31

-10.8 (-3.33%)

WJAFF

WestJet

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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  • 29

    Jan

MGM

MGM Resorts

$32.37

-2.16 (-6.26%)

, AAL

American Airlines

$27.21

-1.18 (-4.16%)

16:51
01/21/20
01/21
16:51
01/21/20
16:51
On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

Sentiment in the stock…

MGM

MGM Resorts

$32.37

-2.16 (-6.26%)

AAL

American Airlines

$27.21

-1.18 (-4.16%)

BA

Boeing

$313.31

-10.8 (-3.33%)

LVS

Las Vegas Sands

$70.06

-4.01 (-5.41%)

WYNN

Wynn Resorts

$142.21

-9.3 (-6.14%)

MLCO

Melco Resorts & Entertainment

$22.61

-2.4 (-9.60%)

HAL

Halliburton

$23.77

-0.19 (-0.79%)

VFC

VF Corp.

$94.63

0.38 (0.40%)

DAL

Delta Air Lines

$60.35

-1.66 (-2.68%)

UAL

United Airlines

$85.84

-3.84 (-4.28%)

TSLA

Tesla

$547.43

37.09 (7.27%)

OMI

Owens & Minor

$6.50

0.98 (17.75%)

BYND

Beyond Meat

$129.24

20.04 (18.35%)

SBUX

Starbucks

$92.54

-1.08 (-1.15%)

ARWR

Arrowhead

$47.63

-8.79 (-15.58%)

WW

WW

$37.55

-4.38 (-10.45%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Jan

  • 21

    Jan

  • 22

    Jan

  • 23

    Jan

  • 23

    Jan

  • 28

    Jan

  • 29

    Jan

  • 29

    Jan

  • 12

    Feb

  • 24

    Feb

  • 04

    Mar

  • 23

    Mar

  • 23

    Mar

OPTT

Ocean Power

$0.89

-0.0293 (-3.20%)

16:43
01/21/20
01/21
16:43
01/21/20
16:43
Syndicate
Breaking Syndicate news story on Ocean Power »

Ocean Power files to sell…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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ADPT

Adaptive Biotechnologies

$26.87

-1.2 (-4.28%)

16:41
01/21/20
01/21
16:41
01/21/20
16:41
Syndicate
Adaptive Biotechnologies files to sell 8M shares of common stock for holders »

J.P. Morgan, Goldman…

03/08/13
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03/06/13
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03/06/13
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ELAN

Elanco

$30.64

0.65 (2.17%)

16:40
01/21/20
01/21
16:40
01/21/20
16:40
Syndicate
Elanco announces offerings of 19.16M shares of common stock, 11M units »

Elanco Animal Health…

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03/08/13
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  • 19

    Feb

MNLO

Menlo Therapeutics

$6.47

-0.18 (-2.71%)

16:39
01/21/20
01/21
16:39
01/21/20
16:39
Hot Stocks
Point72 discloses 5.8% passive stake in Menlo Therapeutics »

Point72 Asset Management…

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  • 06

    Feb

APLT

Applied Therapeutics

$48.18

-0.35 (-0.72%)

16:38
01/21/20
01/21
16:38
01/21/20
16:38
Syndicate
Applied Therapeutics files to sell 1.75M shares of common stock »

Goldman Sachs & Co.,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 26

    Apr

ZLAB

Zai Lab

$52.13

-1.07 (-2.01%)

16:36
01/21/20
01/21
16:36
01/21/20
16:36
Syndicate
Zai Lab announces offering of 5.5M ADSs »

Zai Lab Limited announced…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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PEIX

Pacific Ethanol

$0.68

-0.005 (-0.73%)

16:34
01/21/20
01/21
16:34
01/21/20
16:34
Syndicate
Breaking Syndicate news story on Pacific Ethanol »

Pacific Ethanol files to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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