Callaway Golf downgraded to Neutral from Buy at DA Davidson DA Davidson downgraded Callaway Golf to Neutral based on weak industry trends and retailer inventory discipline that makes 2015 consensus estimates look too high. Price target lowered to $8 from $10.
Callaway Golf has healthy read through from report, says Sterne Agee CRT Sterne Agee CRT believes that the October Retail Manufacturers Reports by Golf Datatech indicate that Callaway Golf has "healthy momentum." The firm says that the report shows that the industry is growing at a healthy pace, while the company is gaining market share in every category. It keeps a $13 price target and Buy rating on the shares.