Acushnet Holdings price target raised to $55 from $50 at Truist

Truist analyst Michael Swartz raised the firm’s price target on Acushnet Holdings to $55 from $50 and keeps a Hold rating on the shares. Expense timing and FX tailwinds influenced the company’s Q2 beat and FY23 guidance raise, but the combination of demonstrated demand resiliency, favorable logistics costs, and suboptimal Ball inventory should keep the wind at the company’s back throughout the second half of the year, the analyst tells investors in a research note.