Snap-on Inc

SNA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$348.00	Pptnm	Wkdkrlfph

Snap-on Earnings: We See Near-Term Demand Remaining Soft, but We’re Still Optimistic Long Term

Dawit Woldemariam

Apr 18, 2024

We raised our fair value estimate by 2% to $231 per share from $226. About half of the fair value estimate increase was attributed to the time value of money since our last update. We also increased our long-term estimates of profitability in the tools group.

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