Toro Company price target lowered to $86 from $88 at DA Davidson

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.