Roth Capital raised the firm’s price target on Snap-On (SNA) to $385 from $365 and keeps a Buy rating on the shares. The firm remains “bullish” on the stock’s investment story following the company’s better than expected Q3 results, noting that the Tools Group continues to recover, driven by its successful shift toward more affordable tools, diagnostics, and storage solutions, while RS&I led performance through strong growth with OEMs and independent repair shops, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNA: