Bernstein Increases Price Target for Fastenal (FAST) to $42
Bernstein raised its price target on Fastenal (FAST) to $42 from $38, citing strong PMI trends and sales growth but weaker-than-expected margins. BofA also raised its target to $55, reflecting a broader rerating in distributor peers. Fastenal reported Q1 EPS of 30c and revenue of $2.2B, in line with expectations.
Tickers: $FAST
Topics: analyst upgrade Bernstein BofA Fastenal price target stock analysis