Toro Company price target lowered to $94 from $110 at Baird

Baird analyst Timothy Wojs lowered the firm’s price target on Toro Company to $94 from $110 and keeps a Neutral rating on the shares. The firm noted its Q3 results put the shares under pressure as destocking in the landscape business negatively impacted results and drove the F2023 outlook meaningfully lower versus prior guidance.