Loading...
Loading...
In a report published Tuesday, Wunderlich Securities analyst Liam D. Burke reiterated a Buy rating on
Snap-onSNA, and raised the price target from $140.00 to $160.00.
In the report, Wunderlich Securities noted, “Snap-on's (SNA) results reflected a business with high barriers to entry and geographic diversification. The company's results saw the benefits of new product introduction, higher revenue volume, and Snap-on's continuous improvement initiatives. Although free cash flow generation was lower than expected, as Snap-on incorporates its finance business, contract and finance receivables should grow more in-line with revenue growth, and free cash flow should increase at a faster rate than earnings.”
Snap-on closed on Monday at $133.47.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in