Compass Point raised the firm’s price target on Acushnet Holdings to $78 from $71 and keeps a Buy rating on the shares. The firm raised its 2024 EBITDA estimate to $390M from $379M following the company’s Q4 report and guidance, stating that the demand for golf equipment, balls, and gear, continues to be strong “despite bears’ assertions that recessionary forces and back-to-work must eventually lead to a decline.”
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