Snap-On price target lowered to $365 from $393 at Roth Capital

Roth Capital lowered the firm’s price target on Snap-On (SNA) to $365 from $393 and keeps a Buy rating on the shares. After the company’s Q1 earnings release, the firm remains bullish on Snap-on’s prospects, favoring the recession-resistant nature of the business, durability of the model, and relative insulation from recent tariff escalation but is lowering its estimates as market consternation creates incremental repair technician uncertainty which is outstripping recent pivoting by the company to selling lower priced tools/diagnostics/storage units, the analyst tells investors in a research note.