Truist Securities has decided to maintain its Buy rating of Callaway Golf (NYSE:ELY) and lower its price target from $42.00 to $36.00.
Shares of Callaway Golf are trading down 1.4% over the last 24 hours, at $22.11 per share.
Acushnet Holdings Corp. (NYSE: GOLF) and Callaway Golf Company (NYSE: ELY) were trading about 1.9% and 1.5% higher, respectively, on Friday as the second day of the Masters Tournament was underway.
Tiger Woods is expected to make his return to the Masters this week, 14 months after a car accident that left many questioning if he would be able to compete again. The return of Woods could provide a big boost to the golf sector, bringing people back to watch and potentially play the game due to one of the greatest golfers of all time.
Companies Reporting Before The Bell
• Canada Goose Hldgs (NYSE:GOOS) is projected to report quarterly earnings at $1.46 per share on revenue of $584.49 million.