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Fly News Breaks for August 22, 2017
SNA
Aug 22, 2017 | 08:03 EDT
Baird analyst David Leiker said the recent weakness in Snap-On shares following a competitor's downgrade has brought a buying opportunity. He sees demand trends across the company as positive and growing and thinks industry and end-market demand is still healthy. Leiker reiterated his Outperform rating and $197 price target on Snap-On shares, saying the business is positioned for better growth in quarters ahead and views the current valuation as attractive for long-term holders.
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