Toro Company upgraded to Outperform from Market Perform at Northland

Northland upgraded Toro Company (TTC) to Outperform from Market Perform with an unchanged price target of $100. The firm, which thinks shares have “solid support at roughly $80,” also notes that investors will receive a 1.9% dividend yield while waiting for shares to appreciate. The firm thinks the golf and construction businesses continue to perform well from a fundamental perspective and thinks the retail business is close to stabilization, the analyst added.