Callaway Golf (ELY): TopGolf Stake Unrealized - Jefferies

Last night, Jefferies analyst, Randal Konik, hosted Callaway Golf (NYSE: ELY) management at the Jefferies 2016 Global Consumer Conference. The meetings reinforce the analyst's confidence that ELY is posed to shift into offensive mode, and should continue to capture market share, while realizing the benefits of operational improvements. He continues to view ELY shares as attractive, given an improving market backdrop, continued share gains opportunities, and the still largely unrealized value in ELY's 15% stake in TopGolf.

No change to Buy rating or price target of $14.00.

For an analyst ratings summary and ratings history on Callaway Golf click here. For more ratings news on Callaway Golf click here.

Shares of Callaway Golf closed at $10.36 yesterday.

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