Baird cuts Snap-On price target, sees flattish Q3

Snap-On

11/10/2023 11:45

** Baird cuts PT for tool-maker Snap-On  SNA.N  to $296 from
$300, keeps rating "neutral"
    ** The new price target represents a 13.52% upside to the
stock's last close
    ** "Recovering power tools sales and the timing of bringing
additional capacity online could be weighted to 4Q23,
potentially leaving 3Q23 Tools Group growth more flattish," 
says Baird
    ** Two of 11 brokerages rate the stock "buy" or higher,
seven "hold" and two "sell" or lower; their median PT is $270 
    ** YTD stock up 14.11% vs a 5.73% rise in Dow Jones U.S.
Industrials Index  .DJUSIN  
    

 (Reporting by Aishwarya Jain)
 ((Aishwarya.Jain@thomsonreuters.com))