Jefferies has taken a look at a steady run up by Acushnet (NYSE:GOLF), including a record close today, to downgrade shares to Hold, from Buy.
Shares have moved steadily over the past year to a 51% gain, including a gain of 26.4% over the past quarter.
The company's still "best in class," Jefferies' Randal Konik says, but points to Callaway (NYSE:ELY) as a better approach for now, as Acushnet's positives look baked into the stock price.
Konik has a $34 price target vs. today's close of $32.98.
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