Toast price target lowered to $36 from $42 at DA Davidson

DA Davidson analyst Peter Heckmann lowered the firm’s price target on Toast (TOST) to $36 from $42 and keeps a Neutral rating on the shares ahead of its Q4 results. The company will modestly exceed the firm’s forecasts and consensus, though growth and margin expansion will be more moderate compared to the last 4-6 quarters, the analyst tells investors in a research note.