Baird remains Neutral on Toro Company following short report

Baird maintained a Neutral rating and $100 price target on The Toro Company following a short report by Jehoshaphat Research titled ‘The Past Catches Up With Toro.’ The analyst noted that the main points “appear to echo the cyclical bear case” that Baird has highlighted in the past and heard from investors. The firm added that it has been Neutral on Toro as “end markets have been bifurcated,” and is looking for “better visibility around implied H2 ramp.”