KeyBanc Starts Acushnet Holdings (GOLF) at Overweight

November 22, 2016 7:46 AM EST
Get Alerts GOLF Hot Sheet
Price: $19.32 --0%

Rating Summary:
    11 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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KeyBanc initiated coverage on Acushnet Holdings (NYSE: GOLF) with an Overweight rating and a price target of $23.

"We are initiating coverage on GOLF with an Overweight rating ($23 price target), reflective of estimates that we believe to be slightly conservative around easy weather compares and retailer liquidations. Further, we believe a stabilizing industry, GOLF's very strong distribution network as well as its high mix of consumables, which represents a solid source of recurring revenues, bode well for growth in the coming years. Additionally, given its stable earnings/FCF outlook and strong EBITDA margin, we believe the risk/reward is compelling at current levels and supports share price upside," said analyst Scott W. Hamann.

For an analyst ratings summary and ratings history on Acushnet Holdings click here. For more ratings news on Acushnet Holdings click here.

Shares of Acushnet Holdings closed at $19.02 yesterday.

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