Snap-On price target raised to $431 from $409 at Roth Capital

Roth Capital analyst Scott Stember raised the firm’s price target on Snap-On (SNA) to $431 from $409 and keeps a Buy rating on the shares. The firm notes the company’s past 18+ months’ effort to pivot to selling quicker payback items has allowed Tools segment sales to return to positive territory, the analyst tells investors in a research note. Roth adds it is positive on the company’s recession-resistant nature of end demand and durability of its business model.