NEW YORK, N.Y. -- Wall Street Access, a New York-based institutional research and execution firm, has initiated coverage on Callaway Golf Company. Special Situation Analyst Louis Meyer began coverage of the company with a "hold" rating and a takeover target price of $17.50.

Wall Street Access provides research and customized content regarding mergers and acquisitions, energy and natural gas, healthcare, and special situations, to hedge funds and other institutional investors.

Wall Street Access is a New York Stock Exchange member firm and a leader in providing high-quality service, personalized attention, independent analysis and electronic trading to institutional investors. Founded in 1981, Wall Street Access is a member of the NYSE, NASD, ISE and SIPC. The Wall Street Access web site is located at http://www.wallstaccess.com. Wall Street Access clears trades through Pershing, LLC.

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