Snap-On price target lowered to $349 from $358 at Baird

Baird lowered the firm’s price target on Snap-On (SNA) to $349 from $358 and keeps a Neutral rating on the shares. The firm reverted to a more cautious stance in the vehicle technology and mobility sector. The Q1 auto supplier results should be around expectations, but risk/reward “appears upside down,” the analyst tells investors in a research note. Baird expects guidance updates to be more challenging due to likely disruption amid initial auto tariff implementation.