Toro rises after D.A. Davidson upgrades to 'buy', lifts PT

Toro Co

25/08/2025 13:15

** Turf and landscape equipment seller Toro Company's TTC.N shares rise 2% at $81 premarket

** D.A. Davidson upgrades co to 'buy' from 'neutral'; raises PT to $93 from $76, upside of 17.6% from stock's last close

** Brokerage says reason for upgrade is strong late-spring sales, robust forecast for 2025 golf season and encouraging residential trends

     ** Notes Federal Reserve's recent comment about possible rate cuts could boost housing activity and encourage more spending from professional customers, especially in landscaping and underground work

** One of 6 brokerages rate stock "buy", five "hold"; median PT is $81 - data compiled by LSEG

** As of last close, stock had fallen 1.2% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))