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Compass Point downgraded Callaway Golf Co (NYSE:ELY) to Neutral in a report released today.

Compass Point has downgraded Callaway Golf Co (NYSE:ELY) to Neutral in a report released on 11/30/2016.

Previously on 02/24/2016, D. A. Davidson released a statement about Callaway Golf Co (NYSE:ELY) increased the target price from $10.00 to $12.00. At the time, this indicated a possible upside of 0.37%.

Just yesterday Callaway Golf Co (NYSE:ELY) traded -1.14% lower at $12.15. Callaway Golf Co’s 50-day moving average is $11.25 and its 200-day moving average is $10.90. The last stock price is up 11.47% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 1,029,101 shares of ELY traded hands, up from an average trading volume of 940,784

Recent Performance Chart

Callaway Golf Co (NYSE:ELY)

Callaway Golf Co has 52 week low of $8.00 and a one year high of $12.56 with a P/E ratio of 36.71 and has a market cap of $0.

In addition to Compass Point reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $13.29 with two analysts rating the company a strong buy, five brokerages rating the company a buy, one brokerage rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Callaway Golf Co (NYSE:ELY)

Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Company's trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Company's balls that are designed, manufactured and sold by the Company. The Company sells its products to retailers, directly and through its wholly owned subsidiaries, and to third-party distributors. The Company sells pre-owned golf products through its Website, In addition, the Company sells Odyssey and its products direct to consumers through its Websites and

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