Raymond James Downgrades Topgolf Callaway Brands Due to Acquisition Concerns

Reported about 2 months ago

Raymond James has downgraded Topgolf Callaway Brands (MODG) stock from Outperform to Underperform. Analysts believe that Callaway Golf Company's merger with Topgolf in 2021 may have been a strategic error, reflecting concerns about the company's future performance.

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