Wedbush says Callaway's (ELY +1%) new $399 adjustable driver, the RAZR Fit, is likely to be a...

|About: Callaway Golf Company (ELY)|By:, SA News Editor

Wedbush says Callaway's (ELY +1%) new $399 adjustable driver, the RAZR Fit, is likely to be a hot selling product at the premium price point. The firm believes Callaway is well positioned to gain market share in 2012 and maintains an Outperform rating on the stock with a $9 price target.