Snap-On price target raised to $385 from $365 at Roth Capital

Roth Capital raised the firm’s price target on Snap-On (SNA) to $385 from $365 and keeps a Buy rating on the shares. The firm remains “bullish” on the stock’s investment story following the company’s better than expected Q3 results, noting that the Tools Group continues to recover, driven by its successful shift toward more affordable tools, diagnostics, and storage solutions, while RS&I led performance through strong growth with OEMs and independent repair shops, the analyst tells investors in a research note.