-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：在SNA發布第一季財報之前，我們將該股評級從“持有”下調至“強烈賣出”，並將12個月目標價從400美元下調至330美元，市盈率為15.5倍，基於我們2027年每股收益預期21.28美元（此前預期為22.23美元；2026年每股收益預期也從20.33美元調整為19.91美元），該預期與公司長期歷史平均水平一致。我們看空該股的主要原因是估值過高，我們認為短期內疲軟的銷售和獲利成長不足以支撐其估值。第四季毛利率和營業利潤率均承壓，而SNA正努力應對不斷上漲的原材料成本，這些不利因素可能已反映在第一季業績中。由於市場趨於保守，工具集團內部技術人員的支出已從大宗商品轉向其他產品，這給該業務板塊的營收成長帶來了挑戰。儘管隨著工業經濟重回成長軌道，商業及工業業務的需求可能會成長，但與工具業務相比，其在SNA投資組合中的比例仍然較小。
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