UPDATE: Baird Upgrades Toro (TTC) to Outperform

September 4, 2020 4:21 AM EDT
Get Alerts TTC Hot Sheet
Price: $113.15 --0%

Rating Summary:
    2 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 8 | New: 28
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(Updated - September 4, 2020 6:28 AM EDT)

(updating comment)

Baird analyst Timothy Wojs upgraded Toro (NYSE: TTC) from Neutral to Outperform with a price target of $88.00 (from $80.00).

The analyst comments "We are upgrading TTC shares to Outperform as we believe that improving end-user demand, coupled with restocking and pent-up equipment purchases, could result in accelerating revenue/EPS growth into F2021. Shares have lagged the S&P YTD, and with recent estimate increases, results in a valuation scenario where TTC shares now trade near parity with the S&P (vs. +20-30% historical premium). We view this as an attractive entry point for a high-quality industrial with solid track record of organic growth, prudent capital deployment, and strong returns."

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 $76.58 yesterday.

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