Sale Callaway drive a price increase the share

  • Sale Callaway drive a price increase the share
    Independent.t. E.
    Callaway Golf have proved the right investors with quarterly results and third quarter sales guidance that exceeded even the best estimates. The stock rose as much as 20pc, adding to their 41pc year-to-date get through last Thursday’s close.
    https://www.independent.ie/business/irish/callaway-sales-drive-soaring-share-price-37185513.html
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Callaway Golf have proved the right investors with quarterly results and third quarter sales guidance that exceeded even the best estimates. The stock rose as much as 20pc, adding to their 41pc year-to-date get through last Thursday’s close.

Suntrust analyst Michael Schwartz in the share price to buy and increases target price to $24 from $20, after “another strong quarter/guide to lift”. He said Calloway “the wind in the back”, and expects significant revenue growth and improved profitability to continue, partly due to its “expected run railway operating efficiency and synergies from recent acquisitions”.

Dave king of Roth capital and rates the shares buy with a new target price of $24 ($20), while the Cowe John Kernan said Calloway in the second half the Outlook “looks conservative”. Forecasts to 2019 “needs to be revised upwards,” said Kernan, who prices on the market, Callaway to perform and increases its target price to 21 $($18). (Bloomberg)

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