Acushnet Holdings upgraded to Buy from Neutral at Tigress Financial

Tigress Financial analyst Ivan Feinseth upgraded Acushnet Holdings to Buy from Neutral with a price target of $62, up from $50. The company is well-positioned to gain from the ongoing post-pandemic growth in golf as its strong brand equity, "industry-leading products" and upcoming cadence of new product introductions should drive further share price gains, the analyst tells investors. The firm’s 12-month target price of $62 a share represents a potential return with dividends of close to 23% from current levels, Tigress noted.