Baird raised the firm’s price target on Toro Company to $100 from $92 and keeps a Neutral rating on the shares. The firm said end-market performance was largely as expected as lawncare demand remains softer in Pro and Residential against elevated channel inventory, while golf and underground remain meaningfully supply constrained. Incremental to Q4, management unveiled a new productivity program targeting $100m annual gross savings by 2027.
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