Snap-on Inc

SNA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$954.00	Xqnht	Pdklwfgjk

Snap-on Earnings: We Remain Optimistic About Long-Term Demand Despite Near-Term Challenges

Krzysztof Smalec

Jul 18, 2024

After narrow-moat-rated Snap-on's second-quarter earnings release, we are maintaining our $233 per share fair value estimate, as our slightly more conservative near-term revenue growth projections were offset by time value of money since our last update. We view shares as modestly overvalued, with the stock currently trading in 2-star territory.

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