Acushnet Holdings price target raised to $68 from $65 at Truist

Truist analyst Michael Swartz raised the firm’s price target on Acushnet Holdings (GOLF) to $68 from $65 and keeps a Hold rating on the shares after its Q3 earnings beat. The company’s earnings consistency and visibility amid an uncertain macro backdrop continues to speak volumes about the resiliency of golf, as well as the strength of its brands, operations and strategy, the analyst tells investors in a research note. With shares trading at almost 12-times its expected forward EBITDA, Truist also has a “difficult time” recommending new money here.