Acushnet Holdings price target raised to $65 from $63 at Truist

Truist raised the firm’s price target on Acushnet Holdings to $65 from $63 and keeps a Hold rating on the shares. While the company reported a Q2 revenue miss and notwithstanding the combination of unfavorable golf club launch timing, adverse early season weather in Europe, and softness in its Korean apparel unit, Acushnet management indicated that the quarter was inline with its own expectations, the analyst tells investors in a research note. The stock’s full valuation and macro uncertainty could limit Acushnet shares’ performance in the near term however, Truist added.