DA Davidson & Co Maintains Neutral, $6 Target on Callaway

DA Davidson & Co reiterates its Neutral rating and $6 target price on Callaway (NYSE: ELY) ahead of the earnings.

DA Davidson & Co says, "We are looking for revenue and non-GAAP EPS estimates of $154.6 million and $(0.32), respectively. Consensus revenue and EPS estimates are $153.5 million and $(0.40), respectively. Full year guidance calls for revenue of $880-$890 million and a non-GAAP net loss of $27-$30 million, implying 4Q guidance of revenues of $147-$157 million and non-GAAP net loss of $20-$23 million."

ELY closed at $6.06 a share yesterday.