Acushnet Holdings price target raised to $80 from $63 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Acushnet Holdings (GOLF) to $80 from $63 and keeps an Equal Weight rating on the shares as the analyst took over coverage of the stock. The firm views Acushnet as a well positioned portfolio of brands in an industry favored by structural growth tailwinds, though fair valuation keeps it at Equal Weight.