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Fly News Breaks for July 31, 2019
GOLF
Jul 31, 2019 | 07:17 EDT
SunTrust analyst Michael Swartz downgraded Acushnet Holdings to Hold with an unchanged price target of $26. The analyst sees few "identifiable" near term catalysts and also believes that the potential risks related to China tariffs are "underappreciated". At 10.5-times his expected 2019 EBITDA, Swartz believes that Acushnet Holdings stock valuation is "fair".
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