Raymond James Lowers Toro Rating Citing Valuation After Strong Share Rally
Raymond James downgraded Toro Co. (NYSE:TTC) from Outperform to Market Perform, saying recent share appreciation has pushed the stock above its prior $90 target. The firm cites valuation normalization toward the 10-year median and expects a modest fiscal 2026 outlook despite a beat in fourth-quarter results. Market indicators and industry dealer su…