DA Davidson lowered the firm’s price target on Toro Company (TTC) to $86 from $88 and keeps a Neutral rating on the shares after its Q4 results. The quarter again showcased strong Golf & Underground markets but challenging Snow/Ice & Landscaping conditions, the analyst tells investors in a research note. The firm adds that Toro’s field inventories are declining, while the snow season is off to a decent start in the company’s core markets, though DA Davidson is cutting its FY25 EPS view by 19c to $4.37 and its FY26 view by 51c to $4.72.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TTC:
- Toro Company price target lowered to $95 from $100 at Raymond James
- Emcor announces election of Amy Dahl to Board of Directors
- Toro Company Reports Record Sales and Growth Outlook
- MasterCard boosts dividend, Jabil reports Q1 beat: Morning Buzz
- Toro Company falls -5.4%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
