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Baird Boosts Toro (TTC) Target on Improved Free Cash Flow Outlook
Yahoo Finance· 2026-01-15 07:29
Group 1 - The Toro Company (NYSE:TTC) is recognized as one of the 14 Best Mid Cap Dividend Aristocrat Stocks to buy currently [1] - Baird raised its price target for Toro to $86 from $84, citing improved free cash flow outlook following the company's Q4 results [2] - Toro completed the acquisition of Tornado Infrastructure Equipment Ltd. for C$279 million, financed through debt [3][5] Group 2 - The acquisition of Tornado enhances Toro's construction equipment portfolio, particularly in vacuum excavation, aligning with rising demand in this sector [4] - Toro anticipates the acquisition to be slightly accretive to adjusted EPS in the first year, with expected annual run-rate cost synergies of about $3 million over the next three years [5] - Toro operates as a global provider of outdoor environment solutions, including turf maintenance, snow equipment, and underground utility construction [6]