Fastenal Company (FAST) - Bull of the Day
July 28 2011 - 8:00PM
Zacks
Fastenal Co. (FAST) is one of the leading distributors of
industrial and construction supplies and fasteners. It has a
diversified customer base that helps it retain its market position
even during the toughest times. Moreover, the hub and spoke model
employed to improve the level of customer services will also
increase customer satisfaction and benefit its business going
forward.
In addition, Fastenal is focused on expanding its product
portfolio. Furthermore, the company's collaborative efforts to work
with state governments will strengthen its position in the local
market.
Earnings in the most recent quarter marginally exceeded the
Zacks Consensus Estimate by $0.01 per share. Given these
conditions, we have upgraded our recommendation on shares of
Fastenal to Outperform from Neutral and set a target price of
$41.
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