JPMorgan analyst Matthew Boss upgraded Acushnet Holdings (GOLF) to Neutral from Underweight with a price target of $96, up from $74. The firm sees the company’s “broad-based” portfolio growth and pricing power driving upside in the shares. Management at the PGA Show in Orlando cited a favorable global golf industry backdrop, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOLF:
- Acushnet Holdings upgraded to Neutral from Underweight at JPMorgan
- Callaway Golf price target raised to $17 from $15 at Morgan Stanley
- Acushnet Holdings price target raised to $95 from $90 at Morgan Stanley
- Acushnet downgraded to Sector Weight from Overweight at KeyBanc
- Acushnet Holdings price target raised to $90 from $80 at Morgan Stanley