Fly News Breaks for August 9, 2019
Aug 9, 2019 | 07:47 EDT
Callaway Golf's Q2 beat and raised 2019 guidance on higher expectations for the core golf business is "particularly impressive given the soft market conditions," Jefferies analyst Randal Konik tells investors in a research note. Further, "strong" performance in the Jack Wolfskin business should help alleviate some concerns, adds the analyst. He believes Callaway's current valuation represents an attractive entry point "for this core small-cap holding." Konik reiterates a Buy rating on the shares with a $27 price target.
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