Toast Stock Cools Off After Downgrade

Toast Inc (NYSE:TOST) stock is slipping today, after a downgrade from Baird to "neutral" from "outperform," along with a price target of $28. The firm still sees long-term growth for the restaurant-based software-as-a- service (SaaS) name, however, and predicts favorable EBITDA margin expansion. At last glance, TOST was down 1.9% to trade at $26.44 -- and earlier fell as low as $25.88. This negative price action has the stock moving further from its May 16 two-year high of $27.90. Heading into today, the sh ...