Snap-On price target raised to $259 from $238 at Roth MKM

Roth MKM analyst Scott Stember raised the firm’s price target on Snap-On to $259 from $238 and keeps a Neutral rating on the shares after its Q4 earnings beat. The analyst notes that the company’s auto-related business is ascending, but the firm recommends that investors remain on the sidelines due to the stock’s valuation.