Callaway Downgraded To Sell

by The Editors on November 4, 2008

Wedbush Morgan Securities recently lowered their opinion of Callaway Golf from “hold” to “sell” with a target of $8.

We believe 2009 results could fall meaningfully below current Street consensus forecasts.

And that’s why Barron’s said, “Callaway Swinging The Blues.”

[Link: Barron’s]

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