Acushnet Holdings price target lowered to $58 from $60 at Roth MKM

Roth MKM analyst George Kelly lowered the firm’s price target on Acushnet Holdings to $58 from $60 and keeps a Neutral rating on the shares. The company reported strong Q3 results, topping the firm’s and consensus estimates, as it continues to benefit from strong participation and engagement, the analyst tells investors in a research note. Inventories at retailers remain healthy, save for some excess footwear, and Acushnet’s supply chain has normalized following a volatile post- COVID period, the firm added.