Resumed Overweight X

ELY Callaway Golf

JP Morgan

$30

Initiated Buy X

ELY Callaway Golf

BofA Securities

$45

Reiterated Buy X

ELY Callaway Golf

Jefferies

$49 $60

Downgrades Outperform Mkt Perform X

ELY Callaway Golf

Cowen

$28

Upgrades Eq-Weight Overweight X

ELY Callaway Golf

Stephens

$18 $21.50

Initiated Buy X

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Berenberg

$24

Reiterated Outperform X

ELY Callaway Golf

Imperial Capital

$25 $22

Initiated Equal-Weight X

ELY Callaway Golf

Stephens

Upgrades Neutral Buy X

ELY Callaway Golf

Compass Point

Downgrades Buy Neutral X

ELY Callaway Golf

ROTH Capital

Reiterated Outperform X

ELY Callaway Golf

Imperial Capital

$21 $25

Reiterated Outperform X

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Imperial Capital

$19 $21

Upgrades Sell Neutral X

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Compass Point

ELY  Callaway Golf Company

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 its trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. It sells its products to retailers, directly and through its subsidiaries, and to third-party distributors. It sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, it sells Callaway Golf and Odyssey products, including Toulon Design by Odyssey, directly to consumers through its Websites, www.callawaygolf.com and www.odysseygolf.com.