HSBC raised the firm’s price target on Fastenal to $64 from $59 and keeps a Hold rating on the shares following the “soft” Q1 results. The company has an attractive long-term growth opportunity, but this is priced into the shares, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FAST: