Shares of Toro Company (TTC) plummeted 5.05% during intraday trading on Friday, as multiple analysts downgraded the stock and lowered their price targets. The sharp decline comes in response to the company's recent earnings report, which appears to have disappointed Wall Street.

Northland Capital Markets took the most bearish stance, downgrading Toro from Outperform to Market Perform and slashing its price target from $100 to $80. This significant reduction suggests that Northland analysts have become considerably less optimistic about Toro's near-term prospects.

Raymond James, while maintaining an Outperform rating on Toro, also trimmed its price target from $95 to $90. This adjustment, though less severe than Northland's, still indicates a more cautious outlook. Additionally, Baird maintained its Neutral rating on the stock, further contributing to the overall negative sentiment. The wave of analyst actions appears to have spooked investors, leading to the significant sell-off in Toro's shares.