Baird Maintains Neutral on Fastenal, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Manthey maintains a Neutral rating on Fastenal (NASDAQ:FAST) and raises the price target from $67 to $80.
October 14, 2024 | 11:30 am
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Baird analyst David Manthey has maintained a Neutral rating on Fastenal, but increased the price target from $67 to $80, indicating a positive outlook.
The increase in price target from $67 to $80 suggests a positive outlook for Fastenal, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100