Toast designated as a bearish Fresh Pck at Baird

Baird said the firm likes the service of Toast but is designatng them as a bearish fresh pick following a big recent run after Q2 results which beat their estimates half on Hardware and half on Toast Capital/Other. also, the Core FinTech and Subscription adjusted revenue was roughly in line with estimates. Baird has a Neutral rating and $25 price target on Toast shares.