CL King analyst Thomas Hayes reinitiated coverage of Snap-On with a Neutral rating. While “generally positive” on the outlook for its core Tools Group and Commercial & Industrial Group and still seeing opportunity for Snap-On to post “solid” revenue and EPS growth in FY23, the firm sees the shares as fairly valued based on its FY24 estimates.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SNA: