Stephens & Co. Maintains Equal-Weight on Fastenal, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Tommy Moll maintains an Equal-Weight rating on Fastenal (NASDAQ:FAST) and raises the price target from $56 to $75.
October 14, 2024 | 12:38 pm
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POSITIVE IMPACT
Stephens & Co. has maintained an Equal-Weight rating on Fastenal and increased the price target from $56 to $75, indicating a positive outlook.
The increase in the price target from $56 to $75 by Stephens & Co. suggests a positive outlook for Fastenal, which could lead to a short-term increase in stock price. The maintenance of an Equal-Weight rating indicates a balanced view, but the significant price target raise is a bullish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100