Acushnet Holdings price target raised to $80 from $75 at KeyBanc

KeyBanc raised the firm’s price target on Acushnet Holdings (GOLF) to $80 from $75 and keeps an Overweight rating on the shares. The firm came away from a meeting with management and tour of the Massachusetts golf ball plant incrementally positive on both the company’s near-term resilience and long-term opportunity. Acushnet’s underlying resilience is in part a product of the sport’s medium-term durability, and KeyBanc views positive anecdotes and momentum in the sport favorably, the analyst tells investors in a research note.