Truist analyst Gregory Miller raised the firm's price target on Acushnet Holdings to $97 from $95 and keeps a Hold rating on the shares after meeting its management team and visiting a ball plant. The firm is positive on the company's recession-resistant player base and several self-help efforts, also stating that the stock has likely oversold as the company has left its guidance unchanged despite Q1 earnings miss, the analyst tells investors in a research note. Net of an unexpected hit to spend or a meaningful decline of rounds played, Truist "continues to lean more favorably" on sport fundamentals, the firm added.
