Stock Rating Upgrade
The Value Trend Rating for Topgolf Callaway Brands Corp (NYSE: MODG) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Topgolf Callaway Brands Corp (NYSE: MODG) stock increased 1.2% on 3/8/24. The shares closed at $14.15. This advance was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -0.6% during the last week.
Current PriceTarget Research Rating
MODG is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Topgolf Callaway Brands has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Topgolf Callaway Brands has a good Appreciation Score of 85 but a poor Power Rating of 19, triggering the Neutral Value Trend Rating.
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