Jefferies Starts Golfsmith International (GOLF) at Buy

November 22, 2016 6:45 AM EST
Get Alerts GOLF Hot Sheet
Price: $19.25 -3.36%

Rating Summary:
    11 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 31 | New: 42
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Jefferies initiates coverage on Golfsmith International (NYSE: GOLF) with a Buy rating and a price target of $25.00.

Analyst Randal Konik commented, "We believe GOLF should see steady growth as it drives further market share gains, and benefits from an improving industry backdrop. A loyal customer base and high consumables penetration add a key aspect of predictability. We initiate coverage of GOLF with a Buy rating & $25 PT and see the risk/reward skewed to the upside. We expect the stock to be driven by multiple expansion, as GOLF trades below its peer set."

NOTE: JEF was a passive bookrunner in the Oct. '16 IPO.

For an analyst ratings summary and ratings history on Golfsmith International click here. For more ratings news on Golfsmith International click here.

Shares of Golfsmith International closed at $19.02 yesterday.



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