Toro Company price target lowered to $95 from $110 at Northland

Northland lowered the firm’s price target on Toro Company (TTC) to $95 from $110 and keeps a Market Perform rating on the shares after the company reported “disappointing” Q3 results. However, Toro also announced a strategic partnership with Lowes (LOW) and the selloff in shares “may represent an excellent buying opportunity,” said the analyst. Still, the firm sees “nothing other than clarity around FY24 to push shares higher and we are months away from this,” the analyst added.