On Oct 18, major Wall Street analysts update their ratings for $Snap-on (SNA.US)$, with price targets ranging from $280 to $350.
BofA Securities analyst Sherif El-Sabbahy maintains with a sell rating, and adjusts the target price from $255 to $280.
Baird analyst Luke Junk maintains with a hold rating, and adjusts the target price from $290 to $347.
Oppenheimer analyst Christopher Glynn maintains with a hold rating.
Barrington analyst Gary Prestopino maintains with a buy rating, and adjusts the target price from $325 to $350.
Furthermore, according to the comprehensive report, the opinions of $Snap-on (SNA.US)$'s main analysts recently are as follows:
Snap-On's Q3 results surpassed consensus expectations, despite a persistently uncertain fundamental environment. The significant stock price movement on earnings day is likely associated with short covering due to the company's resilient earnings rather than a fundamental shift in Snap-On's outlook.
Snap-On's momentum in the third quarter was notably strong, deviating from typical seasonal trends. This performance is seen as a turning point in the company's growth trajectory, supported by a convergence of execution-related tailwinds. The previously wary perspective has shifted towards looking for an opportunity to enhance the company's rating.
Here are the latest investment ratings and price targets for $Snap-on (SNA.US)$ from 4 analysts:
Note:
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