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Fly News Breaks for April 5, 2019
SNA
Apr 5, 2019 | 15:29 EDT
Tigress Financial analyst Ivan Feinseth keeps his Buy rating on Snap-On, saying the company continues to create value for shareholders as it "brings new products to market and drives its expansion into other industry verticals." The analyst also points to the company's penetration of emerging markets with growth in Asia Pacific countries including China and Japan. Feinseth adds that in spite of slowing of new car sales, Snap-on is benefiting from "increases in service and repair revenue opportunities from the growing number of vehicles and the increase in complexity of vehicles in service."
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