Baird says Toast’s (TOST) starter-kit pricing changes the firm highlighted earlier today have “mostly reverted back.” Baird uncovered between 26%-58% price cuts on the company’s starter-kit software packages earlier today, but when checking with the website again around noon, it believes the pricing has mainly reverted back to previous fees and even increased mildly for two monthly software fees. The analyst keeps a Neutral rating on Toast with an $48 price target The stock in afternoon trading is off the day’s lows but remains down 5% to $38.89.
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