Acushnet Holdings price target lowered to $77 from $80 at KeyBanc

KeyBanc lowered the firm’s price target on Acushnet Holdings (GOLF) to $77 from $80 and keeps an Overweight rating on the shares. The firm notes the company reported an adjusted EBITDA beat on slightly softer top line vs. the Street. Importantly, Acushnet Holdings issued its FY25 adjusted EBITDA guide largely in line with consensus at the midpoint on sales guidance slightly below the Street, but in line, excluding a $35M FX impact.