Jefferies analyst Randal Konik reiterated a Buy rating on Acushnet Holdings and raised his price target on the shares to $34 from $27, saying that the company's Q3 sales and adjusted EBITDA "exceeded" expectations, as new product launches in the Club segment performed well and weakness in Japan reversed. Konik said that the "story" with Acushnet is simple, as the company has the leadership position in balls, Scotty and Vokey are "iconic," sticks are "solid," and new product innovation is being well received. The analyst said he views Acushnet as a "best-in-class" player in the stabilizing golf space, adding that the company seems "poised" to gain market share.