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
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100