Event JSON
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"Toast downgraded to Neutral from Outperform at Exane BNP Paribas"
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[
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"Exane BNP Paribas downgraded Toast (TOST) to Neutral from Outperform, citing valuation concerns as the stock has more than doubled year-to-date. The firm notes that Toast has overdelivered this year, but believes the share price momentum is unsustainable due to downside risk to EBITDA estimates in fiscal 2025."
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