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Fly News Breaks for August 9, 2019
ELY
Aug 9, 2019 | 06:59 EDT
Stephens analyst Daniel Imbro upgraded Callaway Golf to Overweight from Equal Weight and raised his price target on the shares to $21.50 from $18.00 following the company's report of "strong" Q2 results. Callaway's golf business continues to outpace the industry, a higher number of product launches should support revenue growth and he believes that accelerating earnings growth into 2020 should drive up the stock's multiple, Imbro tells investors in his post-earnings upgrade.
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