Acushnet Holdings price target raised to $85 from $80 at KeyBanc

KeyBanc analyst Noah Zatzkin raised the firm’s price target on Acushnet Holdings (GOLF) to $85 from $80 and keeps an Overweight rating on the shares following quarterly results. Tariffs aside, the firm thinks Acushnet’s underlying resilience is in part a product of the sport’s MT durability, and views positive anecdotes and momentum in the sport favorably. All this, along with favorable long-term dynamics, warrant a premium valuation for Acushnet, in KeyBanc’s view.