On Oct 14, major Wall Street analysts update their ratings for $Fastenal (FAST.US)$, with price targets ranging from $80 to $86.
BofA Securities analyst Sabrina Abrams maintains with a buy rating, and maintains the target price at $85.
Baird analyst David Manthey maintains with a hold rating, and adjusts the target price from $67 to $80.
Stifel analyst Brian Butler maintains with a buy rating, and adjusts the target price from $80 to $86.
KeyBanc analyst Kenneth Newman maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Fastenal (FAST.US)$'s main analysts recently are as follows:
Fastenal's third-quarter outcomes were solid, and were succeeded by a positive earnings discussion that underscored the company's ability to capture more market share. Additionally, there is an indication of an improving sentiment from regional managers who sense the market is beginning to move beyond the election period.
The firm noted Fastenal's shares traded higher on results that met expectations; however, there is hesitance to support a continuously high multiple based on accelerating growth. The stance is one of opportunism, reflecting a positive perspective on the company's individual narrative and the cyclical context.
Here are the latest investment ratings and price targets for $Fastenal (FAST.US)$ from 4 analysts:
Note:
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