Stock Rating Downgrade
The Value Trend Rating for Topgolf Callaway Brands Corp (NYSE: MODG) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Topgolf Callaway Brands Corp (NYSE: MODG) stock closed at $10.20 on 9/13/24 after a very large increase of 7.4%. NORMAL trading volume accompanied the advance. The stock has declined -3.8% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MODG is expected to be a modest Value Builder.
Topgolf Callaway Brands has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Topgolf Callaway Brands has a very high Appreciation Score of 94 but a very low Power Rating of 14, triggering the Neutral Value Trend Rating.
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