1232 ET [Dow Jones]--Snap-On's rare earnings miss and 1Q weakness in tool sales provides limited near-term visibility for the stock, Baird analysts say in a research note. The analysts say they are taking a cautious approach until there's better visibility into demand or a bottoming in mechanic sentiment. Meanwhile, they maintain their more positive long-term view of the stock as auto repair tends to be resilient relative amid macroeconomic headwinds. They also note the company's U.S.-heavy manufacturing footprint provides cost advantages amid tariff impacts, especially from those on China. The analysts maintained their neutral rating of the stock and lowered their price target from $349 to $320. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 18, 2025 12:35 ET (16:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。