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Recommendations
Acushnet Holdings, Callaway Golf price targets raised at SunTrust » 08:17
06/29/20
06/29
08:17
06/29/20
08:17
ELY

Callaway Golf

$16.08 /

-0.67 (-4.00%)

, GOLF

Acushnet Holdings

$33.33 /

-0.575 (-1.70%)

SunTrust analyst Michael…

SunTrust analyst Michael Swartz raised his price target on Buy-rated Callaway Golf (ELY) to $20 from $16 and on Hold-rated Acushnet Holdings (GOLF) to $30 from $24 as part of a broader research note. The analyst notes that he has more confidence in the companies' near-term setup given the strengthening retail throughout June, the few signs of abnormal discounting, as well as a "noticeable uptick" in demand from new and lapsed golfers in recent months. Swartz adds that these companies are benefiting as people look for safer, close-to-home outdoor recreational options in the current environment.

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GOLF Acushnet Holdings
$33.33 /

-0.575 (-1.70%)

ELY Callaway Golf
$16.08 /

-0.67 (-4.00%)

ELY Callaway Golf
$16.08 /

-0.67 (-4.00%)

06/10/20 Stephens
Callaway Golf price target raised to $21 from $17 at Stephens
06/10/20 Cowen
Callaway Golf price target raised to $22 from $18 at Cowen
05/19/20 Stephens
Data points to 'encouraging signs' of golf industry demand, says Stephens
GOLF Acushnet Holdings
$33.33 /

-0.575 (-1.70%)

05/27/20 Roth Capital
Acushnet Holdings downgraded to Neutral at Roth Capital after strong run
05/27/20 Roth Capital
Acushnet Holdings downgraded to Neutral from Buy at Roth Capital
GOLF Acushnet Holdings
$33.33 /

-0.575 (-1.70%)

ELY Callaway Golf
$16.08 /

-0.67 (-4.00%)

ELY Callaway Golf
$16.08 /

-0.67 (-4.00%)

ELY Callaway Golf
$16.08 /

-0.67 (-4.00%)

Over a month ago
Recommendations
Callaway Golf price target raised to $21 from $17 at Stephens » 08:06
06/10/20
06/10
08:06
06/10/20
08:06
ELY

Callaway Golf

$16.74 /

-0.91 (-5.16%)

Stephens analyst Daniel…

Stephens analyst Daniel Imbro raised the firm's price target on Callaway Golf to $21 from $17 to reflect what he views as an improving golf demand backdrop and his view of the increased likelihood of a monetization of Topgolf given the market recovery. He sees early Q2 as the likely trough for golf participation and manufacturer demand and believes that trends are currently running at a much stronger rate, supported by his checks and third-party mobile app data, said Imbro, who keeps an Overweight rating on Callaway shares.

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ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

06/10/20 Cowen
Callaway Golf price target raised to $22 from $18 at Cowen
05/19/20 Stephens
Data points to 'encouraging signs' of golf industry demand, says Stephens
05/11/20 Compass Point
Callaway Golf price target lowered to $17.50 from $20 at Compass Point
05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

Recommendations
Callaway Golf price target raised to $22 from $18 at Cowen » 07:36
06/10/20
06/10
07:36
06/10/20
07:36
ELY

Callaway Golf

$16.74 /

-0.91 (-5.16%)

Cowen analyst John Kernan…

Cowen analyst John Kernan raised the firm's price target on Callaway Golf to $22 from $18 and keeps an Outperform rating on the shares. The analyst said the stock remains his favorite SMID-Cap name as he believes the market capitalization and enterprise value assign too little value to its core golf business. He also noted the company needs to improve its free cash flow and ROIC.

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ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

05/19/20 Stephens
Data points to 'encouraging signs' of golf industry demand, says Stephens
05/11/20 Compass Point
Callaway Golf price target lowered to $17.50 from $20 at Compass Point
05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
05/01/20 Cowen
Callaway Golf price target raised to $18 from $9 at Cowen
ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

ELY Callaway Golf
$16.74 /

-0.91 (-5.16%)

Conference/Events
Callaway Golf participates in a conference call with Stephens » 10:25
06/09/20
06/09
10:25
06/09/20
10:25
ELY

Callaway Golf

$16.76 /

-0.89 (-5.04%)

Conference call with CFO…

Conference call with CFO Lynch will be held on June 9 at 11 am hosted by Stephens.

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ELY Callaway Golf
$16.76 /

-0.89 (-5.04%)

ELY Callaway Golf
$16.76 /

-0.89 (-5.04%)

05/19/20 Stephens
Data points to 'encouraging signs' of golf industry demand, says Stephens
05/11/20 Compass Point
Callaway Golf price target lowered to $17.50 from $20 at Compass Point
05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
05/01/20 Cowen
Callaway Golf price target raised to $18 from $9 at Cowen
ELY Callaway Golf
$16.76 /

-0.89 (-5.04%)

ELY Callaway Golf
$16.76 /

-0.89 (-5.04%)

ELY Callaway Golf
$16.76 /

-0.89 (-5.04%)

Conference/Events
Callaway Golf participates in a conference call with Stephens » 04:55
06/09/20
06/09
04:55
06/09/20
04:55
ELY

Callaway Golf

$17.65 /

+0.27 (+1.55%)

Conference call with CFO…

Conference call with CFO Lynch will be held on June 9 at 11 am hosted by Stephens.

ShowHide Related Items >><<
ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

05/19/20 Stephens
Data points to 'encouraging signs' of golf industry demand, says Stephens
05/11/20 Compass Point
Callaway Golf price target lowered to $17.50 from $20 at Compass Point
05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
05/01/20 Cowen
Callaway Golf price target raised to $18 from $9 at Cowen
ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

Conference/Events
Callaway Golf participates in a conference call with Stephens » 16:42
06/08/20
06/08
16:42
06/08/20
16:42
ELY

Callaway Golf

$17.65 /

+0.27 (+1.55%)

Conference call with CFO…

Conference call with CFO Lynch will be held on June 9 at 11 am hosted by Stephens.

ShowHide Related Items >><<
ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

05/19/20 Stephens
Data points to 'encouraging signs' of golf industry demand, says Stephens
05/11/20 Compass Point
Callaway Golf price target lowered to $17.50 from $20 at Compass Point
05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
05/01/20 Cowen
Callaway Golf price target raised to $18 from $9 at Cowen
ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

ELY Callaway Golf
$17.65 /

+0.27 (+1.55%)

Hot Stocks
Callaway Golf says operations ramping up more quickly than expected » 16:41
05/21/20
05/21
16:41
05/21/20
16:41
ELY

Callaway Golf

$14.60 /

+0.36 (+2.53%)

In a regulatory 8-K…

In a regulatory 8-K filing, the company stated: "On May 19, 2020, the Company reopened its primary manufacturing plant for golf balls located in Chicopee, Massachusetts. With the reopening of the Chicopee golf ball plant, all of the company's distribution centers and manufacturing plants worldwide have resumed operations while taking steps designed to protect its employees, including protective gear, social distancing guidelines and other preventive and safety measures. These operations are ramping up more quickly than expected."

ShowHide Related Items >><<
ELY Callaway Golf
$14.60 /

+0.36 (+2.53%)

ELY Callaway Golf
$14.60 /

+0.36 (+2.53%)

05/19/20 Stephens
Data points to 'encouraging signs' of golf industry demand, says Stephens
05/11/20 Compass Point
Callaway Golf price target lowered to $17.50 from $20 at Compass Point
05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
05/01/20 Cowen
Callaway Golf price target raised to $18 from $9 at Cowen
ELY Callaway Golf
$14.60 /

+0.36 (+2.53%)

ELY Callaway Golf
$14.60 /

+0.36 (+2.53%)

ELY Callaway Golf
$14.60 /

+0.36 (+2.53%)

Recommendations
Data points to 'encouraging signs' of golf industry demand, says Stephens » 07:32
05/19/20
05/19
07:32
05/19/20
07:32
ELY

Callaway Golf

$14.23 /

+1.295 (+10.01%)

, GOLF

Acushnet Holdings

$29.88 /

+1.66 (+5.88%)

Stephens analyst Daniel…

Stephens analyst Daniel Imbro aggregated data to get a better sense of real-time golf industry demand as the country begins opening and sees "encouraging signs" that demand is returning as states lift their restrictions, he tells investors. Tee time booking mobile app data shows daily active users are actually higher today than a year ago, which he sees as a positive indication that playing golf is viewed as an attractive activity in this environment. While he thinks an improving demand backdrop should support golf equipment trends at both Callaway Golf (ELY) and Acushnet (GOLF), Imbro continues to prefer the setup for Callaway, he tells investors. He has an Overweight rating on Callaway shares with a $17 price target and an Equal Weight rating on Acushnet with a $27 price target.

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GOLF Acushnet Holdings
$29.88 /

+1.66 (+5.88%)

ELY Callaway Golf
$14.23 /

+1.295 (+10.01%)

ELY Callaway Golf
$14.23 /

+1.295 (+10.01%)

05/11/20 Compass Point
Callaway Golf price target lowered to $17.50 from $20 at Compass Point
05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
05/01/20 Cowen
Callaway Golf price target raised to $18 from $9 at Cowen
03/24/20 Cowen
Callaway Golf upgraded to Outperform at Cowen
GOLF Acushnet Holdings
$29.88 /

+1.66 (+5.88%)

04/21/20
Fly Intel: Top five analyst downgrades
04/21/20 Compass Point
With half of U.S. golf courses closed, Compass Point cuts Acushnet to Sell
04/21/20 Compass Point
Acushnet Holdings downgraded to Sell from Neutral at Compass Point
04/14/20
Fly Intel: Top five analyst downgrades
GOLF Acushnet Holdings
$29.88 /

+1.66 (+5.88%)

ELY Callaway Golf
$14.23 /

+1.295 (+10.01%)

ELY Callaway Golf
$14.23 /

+1.295 (+10.01%)

ELY Callaway Golf
$14.23 /

+1.295 (+10.01%)

Hot Stocks
Jana takes new stakes in Hillenbrand, New Relic during first quarter » 08:54
05/15/20
05/15
08:54
05/15/20
08:54
HI

Hillenbrand

$19.12 /

+0.455 (+2.44%)

, NEWR

New Relic

$58.22 /

+1.62 (+2.86%)

, ZBH

Zimmer Biomet

$111.97 /

+0.92 (+0.83%)

, WMGI

Wright Medical

$29.68 /

+0.02 (+0.07%)

, AXTA

Axalta Coating

$19.57 /

+0.415 (+2.17%)

, JACK

Jack in the Box

$65.39 /

+1.8 (+2.83%)

, BLMN

Bloomin' Brands

$9.35 /

+0.17 (+1.85%)

, CAG

Conagra Brands

$33.82 /

-0.23 (-0.68%)

, ELY

Callaway Golf

$11.50 /

-0.23 (-1.96%)

, SPY

SPDR S&P 500 ETF Trust

$285.06 /

+3.39 (+1.20%)

, HDS

HD Supply

$26.72 /

+0.3 (+1.14%)

Barry Rosenstein's…

Barry Rosenstein's Jana Partners disclosed in a regulatory filing its holdings as of March 31, 2020. Jana made two new buys during the first quarter: it bought 3.66M shares of Hillenbrand (HI) and 846,872 shares of New Relic (NEWR). The fund exited two positions in the quarter, selling 350,000 shares of Zimmer Biomet (ZBH) and 648,445 shares of Wright Medical Group (WMGI). Jana increased its stake in three positions, buying more of Axalta Coating (AXTA), Jack in the Box (JACK) and Bloomin' Brands (BLMN). The fund reduced its stake in four holdings: Conagra Brands (CAG), Callaway Golf (ELY), SPDR S&P 500 ETF Trust (SPY) and HD Supply Holdings (HDS). Jana's top holdings as of March 31, in order of size, were Conagra Brands, Hillenbrand, Callaway Golf, SPDR S&P 500 ETF Trust and Axalta.

ShowHide Related Items >><<
ZBH Zimmer Biomet
$111.97 /

+0.92 (+0.83%)

WMGI Wright Medical
$29.68 /

+0.02 (+0.07%)

SPY SPDR S&P 500 ETF Trust
$285.06 /

+3.39 (+1.20%)

NEWR New Relic
$58.22 /

+1.62 (+2.86%)

JACK Jack in the Box
$65.39 /

+1.8 (+2.83%)

HI Hillenbrand
$19.12 /

+0.455 (+2.44%)

HDS HD Supply
$26.72 /

+0.3 (+1.14%)

ELY Callaway Golf
$11.50 /

-0.23 (-1.96%)

CAG Conagra Brands
$33.82 /

-0.23 (-0.68%)

BLMN Bloomin' Brands
$9.35 /

+0.17 (+1.85%)

AXTA Axalta Coating
$19.57 /

+0.415 (+2.17%)

HI Hillenbrand
$19.12 /

+0.455 (+2.44%)

03/18/20 DA Davidson
Hillenbrand price target lowered to $35 from $43 at DA Davidson
10/07/19 KeyBanc
Milacron downgraded to Sector Weight from Overweight at KeyBanc
07/31/19 Baird
Milacron downgraded to Neutral at Baird
07/15/19
Fly Intel: Top five analyst upgrades
NEWR New Relic
$58.22 /

+1.62 (+2.86%)

05/15/20 Needham
New Relic price target raised to $79 from $74 at Needham
05/15/20 Cowen
New Relic price target raised to $75 from $70 at Cowen
05/15/20 Morgan Stanley
New Relic price target raised to $70 from $50 at Morgan Stanley
04/27/20 Needham
New Relic price target lowered to $74 from $108 at Needham
ZBH Zimmer Biomet
$111.97 /

+0.92 (+0.83%)

05/12/20 SVB Leerink
Zimmer Biomet price target raised to $136 from $130 at SVB Leerink
05/12/20 Deutsche Bank
Zimmer Biomet price target lowered to $146 from $160 at Deutsche Bank
05/12/20 Wells Fargo
Zimmer Biomet price target raised to $132 from $124 at Wells Fargo
05/12/20 Stifel
Zimmer Biomet price target raised to $130 from $111 at Stifel
WMGI Wright Medical
$29.68 /

+0.02 (+0.07%)

03/13/20 Needham
Needham downgrades Wright Medical, sees higher bid as unlikely in current market
03/13/20 Needham
Wright Medical downgraded to Hold from Buy at Needham
01/07/20 Piper Sandler
Stryker downgraded to Neutral from Overweight at Piper Sandler
12/24/19 Jefferies
Wright Medical downgraded to Hold from Buy at Jefferies
AXTA Axalta Coating
$19.57 /

+0.415 (+2.17%)

05/12/20 Goldman Sachs
Axalta Coating upgraded to Buy from Neutral at Goldman Sachs
04/03/20 JPMorgan
Axalta Coating price target lowered to $20 from $33 at JPMorgan
04/02/20 BMO Capital
Axalta Coating price target lowered to $28 from $35 at BMO Capital
04/01/20 Deutsche Bank
Axalta Coating price target lowered to $20 from $32 at Deutsche Bank
JACK Jack in the Box
$65.39 /

+1.8 (+2.83%)

05/15/20 Cowen
Jack in the Box price target raised to $68 from $42 at Cowen
05/15/20 Wells Fargo
Jack in the Box price target raised to $89 from $72 at Wells Fargo
05/14/20 Oppenheimer
Jack in the Box price target raised to $75 from $70 at Oppenheimer
05/11/20 SunTrust
Jack in the Box price target raised to $79 from $66 at SunTrust
BLMN Bloomin' Brands
$9.35 /

+0.17 (+1.85%)

05/13/20 Loop Capital
Bloomin' Brands price target lowered to $15 from $27 at Loop Capital
05/11/20 Guggenheim
Bloomin' Brands price target raised to $15 from $11 at Guggenheim
05/05/20 Wells Fargo
Bloomin' Brands price target lowered to $11 from $23 at Wells Fargo
04/17/20 Deutsche Bank
Bloomin' Brands price target lowered to $14 from $23 at Deutsche Bank
CAG Conagra Brands
$33.82 /

-0.23 (-0.68%)

05/11/20 SunTrust
Conagra Brands downgraded to Hold from Buy at SunTrust
05/11/20 SunTrust
Conagra Brands downgraded to Hold from Buy at SunTrust
03/18/20 Bernstein
Conagra Brands upgraded to Market Perform from Underperform at Bernstein
02/27/20 Standpoint Research
Conagra Brands upgraded to Buy from Hold at Standpoint Research
ELY Callaway Golf
$11.50 /

-0.23 (-1.96%)

05/11/20 Compass Point
Callaway Golf price target lowered to $17.50 from $20 at Compass Point
05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
05/01/20 Cowen
Callaway Golf price target raised to $18 from $9 at Cowen
03/24/20 Cowen
Callaway Golf upgraded to Outperform at Cowen
SPY SPDR S&P 500 ETF Trust
$285.06 /

+3.39 (+1.20%)

03/11/20 Goldman Sachs
Goldman Sachs believes the S&P 500 bull market will soon end
02/27/20 Keefe Bruyette
Stock market may rally Monday on 'Biden bounce,' Keefe Bruyette says
02/24/20
Dow Jones futures decline over 800 points ahead of today's open
12/16/19 Piper Sandler
Piper establishes 2020 S&P 500 price objective of 3,600
HDS HD Supply
$26.72 /

+0.3 (+1.14%)

04/29/20 Wells Fargo
HD Supply downgraded to Equal Weight at Wells Fargo
04/29/20 Wells Fargo
HD Supply downgraded to Equal Weight from Overweight at Wells Fargo
04/01/20 Longbow
HD Supply downgraded to Neutral from Buy at Longbow
03/30/20 BofA
HD Supply upgraded to Buy from Neutral at BofA
ZBH Zimmer Biomet
$111.97 /

+0.92 (+0.83%)

SPY SPDR S&P 500 ETF Trust
$285.06 /

+3.39 (+1.20%)

NEWR New Relic
$58.22 /

+1.62 (+2.86%)

JACK Jack in the Box
$65.39 /

+1.8 (+2.83%)

HI Hillenbrand
$19.12 /

+0.455 (+2.44%)

HDS HD Supply
$26.72 /

+0.3 (+1.14%)

ELY Callaway Golf
$11.50 /

-0.23 (-1.96%)

CAG Conagra Brands
$33.82 /

-0.23 (-0.68%)

BLMN Bloomin' Brands
$9.35 /

+0.17 (+1.85%)

AXTA Axalta Coating
$19.57 /

+0.415 (+2.17%)

WMGI Wright Medical
$29.68 /

+0.02 (+0.07%)

SPY SPDR S&P 500 ETF Trust
$285.06 /

+3.39 (+1.20%)

ELY Callaway Golf
$11.50 /

-0.23 (-1.96%)

CAG Conagra Brands
$33.82 /

-0.23 (-0.68%)

BLMN Bloomin' Brands
$9.35 /

+0.17 (+1.85%)

AXTA Axalta Coating
$19.57 /

+0.415 (+2.17%)

ZBH Zimmer Biomet
$111.97 /

+0.92 (+0.83%)

SPY SPDR S&P 500 ETF Trust
$285.06 /

+3.39 (+1.20%)

NEWR New Relic
$58.22 /

+1.62 (+2.86%)

JACK Jack in the Box
$65.39 /

+1.8 (+2.83%)

ELY Callaway Golf
$11.50 /

-0.23 (-1.96%)

CAG Conagra Brands
$33.82 /

-0.23 (-0.68%)

WMGI Wright Medical
$29.68 /

+0.02 (+0.07%)

SPY SPDR S&P 500 ETF Trust
$285.06 /

+3.39 (+1.20%)

JACK Jack in the Box
$65.39 /

+1.8 (+2.83%)

CAG Conagra Brands
$33.82 /

-0.23 (-0.68%)

AXTA Axalta Coating
$19.57 /

+0.415 (+2.17%)

SPY SPDR S&P 500 ETF Trust
$285.06 /

+3.39 (+1.20%)

Recommendations
Callaway Golf price target lowered to $17.50 from $20 at Compass Point » 09:18
05/11/20
05/11
09:18
05/11/20
09:18
ELY

Callaway Golf

$13.91 /

+0.38 (+2.81%)

Compass Point analyst…

Compass Point analyst Casey Alexander lowered the firm's price target on Callaway Golf to $17.50 from $20 and reiterates a Buy rating on the shares. The analyst cites the impact of the $250M convertible bond for the target drop. Alexander, however, says the primary estimate for valuation purposes for Callaway is 2021 EBITDA because 2020 by itself is no longer representative of true results.

ShowHide Related Items >><<
ELY Callaway Golf
$13.91 /

+0.38 (+2.81%)

05/08/20 SunTrust
Callaway Golf price target raised to $16 from $10 at SunTrust
05/01/20 Cowen
Callaway Golf price target raised to $18 from $9 at Cowen
03/24/20 Cowen
Callaway Golf upgraded to Outperform at Cowen
03/24/20 Cowen
Callaway Golf upgraded to Outperform from Market Perform at Cowen

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