Snap-On price target raised to $409 from $385 at Roth Capital

Core Viewpoint - Roth Capital raised the price target on Snap-On (SNA) to $409 from $385 while maintaining a Buy rating after the company's Q4 earnings exceeded expectations [1] Group 1: Earnings Performance - Snap-On's Q4 earnings beat expectations, prompting Roth Capital to increase its price target [1] - The Tools segment revenue flattened out in Q4 due to ongoing soft repair technician confidence, despite previous successful shifts towards more affordable tools [1] Group 2: Market Outlook - Roth Capital maintains a positive outlook on Snap-On, emphasizing the recession-resistant nature of end demand and the durability of the company's business model [1]