Morgan Stanley lowered the firm’s price target on Topgolf Callaway (MODG) to $6 from $9.50 and keeps an Underweight rating on the shares. The company delivered “solid” Q4 performance, but FY25 EBITDA was guided about 20% below due to various headwinds, says the analyst, who is “encouraged” by what seems to be a more focused plan with green shoots, but awaits further proof of execution.
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Read More on MODG:
- Sell Rating for Topgolf Callaway Brands Amid Lowered 2025 Guidance and Profit Decline Concerns
- Balanced Outlook on Topgolf Callaway Brands Amid Strong Q4 Results and Future Uncertainties
- Topgolf Callaway Brands Reports Q4 2024 Earnings
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- Topgolf Callaway reports Q4 non-GAAP EPS (33c), consensus (42c)