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The Toro Company

Company NameThe Toro Company
Stock SymbolTTC

On May 21, 2024, Jehoshaphat Research published a report alleging, among other things, that Toro “has borrowed revenues and earnings from the future by selling excessive product into its dealer channel” and that the Company “set up a cliff” in its near-term operating cash flows worth $400 million or more.

On this news, Toro’s stock price fell $3.77, or 4.2%, to close at $86.23 per share on May 21, 2024, thereby injuring investors.

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