Toro Company upgraded to Buy from Neutral at DA Davidson

DA Davidson upgraded Toro Company (TTC) to Buy from Neutral with a price target of $93, up from $76. Late-spring sales appear to have come in quite strong and the firm sees other data points over the last few weeks that “point to better times ahead,” the analyst tells investors. Fed comments about interest-rate reductions may also unlock consumer and professional confidence, adds the analyst, who expects “a sunnier tone – at the very least – on next week’s earnings call.”