Morgan Stanley Maintains Equal-Weight on Fastenal, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Chris Snyder has maintained an Equal-Weight rating on Fastenal (NASDAQ:FAST) and raised the price target from $72 to $76.
October 14, 2024 | 5:03 pm
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Morgan Stanley has maintained its Equal-Weight rating on Fastenal and increased the price target from $72 to $76, indicating a positive outlook.
The increase in price target from $72 to $76 by Morgan Stanley suggests a positive outlook for Fastenal, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target shows confidence in potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100