Toro: Buy on Durable Professional Demand, Innovation in Irrigation, and Improving Margins
Toro's exposure to professional turf, irrigation, and specialty construction, combined with strong free cash flow ($711.5M) and a healthy balance sheet, makes the name an attractive buy. We see 17% upside to $110 over a 180-trading-day horizon as margin tailwinds and continued innovation in smart irrigation drive earnings upside while the company e…