Morgan Stanley Maintains Underweight on Fastenal, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Underweight rating on Fastenal (NASDAQ:FAST) and raises the price target from $46 to $50.
July 12, 2023 | 1:16 pm
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Morgan Stanley maintains an Underweight rating on Fastenal and raises the price target from $46 to $50.
The news is directly about Fastenal. Morgan Stanley's decision to maintain an Underweight rating indicates a bearish outlook, but the raised price target from $46 to $50 suggests some upside potential. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100