DS - Analysts like upside of Callaway-Topgolf deal even with shares in the bunker

Investors have bid down Callaway Golf ([[ELY]] -21.8%) after its acquisition of Topgolf International came in at a hefty price tag, but analysts are positive on the long-term impact of the deal. Raymond James (Outperform) calls the deal transformational for the company and Cowen (Outperform) points to long-term investor returns. While KeyBanc Capital Markets (Overweight) also likes the long-term earnings power from Topgolf, the firm worries it could take a while for investors to appreciate the upside. Late yesterday: Callaway combines with Topgolf in golf/entertainment mega-dealOther golf plays: DriveShack ([[DS]] -4.3%), Acushnet Holdings ([[GOLF]] -1.8%).

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Analysts like upside of Callaway-Topgolf deal even with shares in the bunker