Loop Capital Maintains Hold on Fastenal, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Chris Dankert maintains a Hold rating on Fastenal (NASDAQ:FAST) and lowers the price target from $71 to $66.
April 15, 2024 | 2:35 pm
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Fastenal's price target was reduced from $71 to $66 by Loop Capital, while maintaining a Hold rating.
The reduction in Fastenal's price target by Loop Capital suggests a more cautious outlook on the stock's short-term growth potential, likely due to underlying challenges or market conditions. This could lead to negative sentiment among investors, potentially impacting the stock's price negatively in the short term.
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