Acushnet Holdings price target raised to $75 from $70 at KeyBanc

KeyBanc raised the firm’s price target on Acushnet Holdings (GOLF) to $75 from $70 and keeps an Overweight rating on the shares. The firm notes the company reported an adjusted EBITDA beat on a slightly stronger top line vs. the Street. Importantly, while Acushnet did not update its FY25 sales and adjusted EBITDA guide, it noted an estimated FY25 gross tariff impact of about $75M at current rates where management expects to mitigate greater than 50% this year.