Acushnet (GOLF) Reports Q2 Revenues of $428.M; Offers FY17 Revenue Guidance

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Go back to Acushnet (GOLF) Reports Q2 Revenues of $428.M; Offers FY17 Revenue Guidance

Acushnet Holdings (GOLF) PT Lowered to $15.50 at Imperial Capital on 2Q Report; 'Revenue Guidance Appears Aggressive Given Weak 1H Golf Market & Competitive Conditions'

August 11, 2017 12:47 PM EDT

Imperial Capital lowered its price target on Acushnet Holdings (NYSE: GOLF) to $15.50 (from $19.00) while maintaining a In-Line rating, following the company's second quarter earnings report.

Analyst George Kelly notes the company delivered second quarter revenues and EBITDA below estimates, while management lowered full-year 2017... More