On Oct 19, 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 maintains the target price at $350.
Furthermore, according to the comprehensive report, the opinions of $Snap-on (SNA.US)$'s main analysts recently are as follows:
Q3 results for Snap-On were generally above the consensus, despite a persistently volatile fundamental backdrop, according to an analyst. The notable 10% stock movement on the earnings day is attributed more to short covering due to the earnings' resilience rather than a fundamental shift in Snap-On's situation.
The third quarter of 2024 saw improved momentum for Snap-On, which notably defied typical seasonal trends. This suggests a turning point in the company's growth trajectory, bolstered by a convergence of execution-related tailwinds. The previous cautious perspective has shifted towards a lookout for an upgrade opportunity.
Here are the latest investment ratings and price targets for $Snap-on (SNA.US)$ from 4 analysts:
Note:
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