Toro Company price target lowered to $95 from $100 at Raymond James

Raymond James analyst Sam Darkatsh lowered the firm’s price target on Toro Company (TTC) to $95 from $100 and keeps an Outperform rating on the shares. Raymond James continues to view Toro as an “asymmetric” opportunity, telling investors in a research note that earnings are supported by weather and demand that will eventually normalize, and multiple expansion is also possible once backlog and pandemic-driven volatility is cleared and attention returns to Toro’s pricing power and durable underlying demand drivers.