Northland Upgrades Toro (TTC) to Outperform, 'we think the golf and construction businesses continue to perform well'

Northland analyst Ted Jackson upgraded Toro (NYSE: TTC) from Market Perform to Outperform with a price target of $100.00.

The analyst comments "We are raising our rating to OP and maintaining our $100 price target. We like the risk/reward equation. Our DCF model suggest TTC shares are worth $100, and we think shares have solid support at roughly $80. We also note that investors will receive a 1.9% dividend yield while waiting for shares to appreciate. From a fundamental perspective, we think the golf and construction businesses continue to perform well, and we think the retail business is close to stabilization."

For an analyst ratings summary and ratings history on Toro click here. For more ratings news on Toro click here.

Shares of Toro closed at $79.99 yesterday.

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