Fastenal Co. (FAST) - Bull of the Day
August 22 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 upgraded our recommendation on
shares of Fastenal to Outperform from Neutral and set a target
price of $41.
FASTENAL (FAST): Free Stock Analysis Report
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