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. "Looking ahead, GOLF is poised to defend its #1 share in golf balls and shoes, and gain share in #3 clubs, particularly metals, through broader appeal; while expanding margins on steady MSD% [mid single-digit] revs," Konik said. The analyst added that Achushnet also maintains underappreciated growth potential stemming from the company's customization options for a range of its products including balls, gloves and shoes. GOLF YTD mountain GOLF in 2023 — CNBC's Michael Bloom contributed to this report.

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Persons: Jefferies, Randal Konik, Konik, Achushnet, —, Michael Bloom