This golf company can add to its dominant position in the industry as the population ages and rounds played grows, according to Jefferies.
Jefferies thinks golf heavyweight Acushnet is primed for strong gains going forward. The firm upgraded the parent company of golf equipment maker Titleist to buy from hold and raised its price target to $84 from $61 per share. The new forecast implies upside of 54%. Analyst Randal Konik said the company will remain the dominant portfolio in a growing industry, and added that the firm now prefers to "always stick with number one.
mountain GOLF in 2023 — CNBC's Michael Bloom contributed to this report.
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