Snap-On price target raised to $336 from $328 at Tigress Financial

Tigress Financial raised the firm’s price target on Snap-On to $336 from $328 and keeps a Buy rating on the shares. The company continues to benefit from strong vehicle repair trends, driven by the combination of an aging automotive fleet and global automotive sales growth, the analyst tells investors in a research note. The firm says Snap-On continues to benefit from its “industry-leading” position in advanced diagnostic equipment and ongoing vehicle complexity.