JPMorgan lowered the firm’s price target on Acushnet Holdings (GOLF) to $57 from $64 and keeps an Underweight rating on the shares following the company’s “mixed” Q1 report. Management is not providing updates to FY25 guidance due to current macroeconomic uncertainty, but management cited expectations for first half sales to be up low-single digits year-over-year and first half adjusted EBITDA dollars to be down low-single digits year-over-year, which implies Q2 revenues up 4.7% and EBITDA dollar growth of 7.0% year-over-year at the midpoint, the firm estimates.

Protect Your Portfolio Against Market Uncertainty

Discover companies with rock-solid fundamentals in  TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty,  delivered straight to your inbox.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on GOLF:

Disclaimer & DisclosureReport an Issue

Acushnet Holdings reports Q1 EPS $1.62, consensus $1.36 Acushnet Holdings downgraded to Neutral from Buy at Compass Point GOLF Earnings Report this Week: Is It a Buy, Ahead of Earnings? Acushnet Holdings price target lowered to $70 from $77 at KeyBanc Acushnet Holdings price target lowered to $64 from $68 at Truist

View Comments