Acushnet Holdings price target lowered to $76 from $78 at Compass Point

Compass Point lowered the firm’s price target on Acushnet Holdings to $76 from $78 and keeps a Buy rating on the shares. Despite bears’ assertions that recessionary forces, higher rates, and back-to-work must eventually lead to a decline, the demand for golf equipment, balls, and gear, continues to be strong, says the analyst in a post-earnings note while increasing the firm’s 2024 estimate for EBITDA.