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Fastenal Company (FAST) Receives a New Rating from Davidson Capital

Tipranks - Tipranks - Fri Jun 19, 7:42AM CDT

In a report released on June 16, from Davidson Capital initiated coverage with a Hold rating on Fastenal Company and a price target of $46.00. The company’s shares closed yesterday at $46.05.

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In addition to Davidson Capital, Fastenal Company also received a Hold from D.A. Davidson’s Chris Dankert in a report issued on June 16. However, on June 10, William Blair maintained a Buy rating on Fastenal Company (NASDAQ: FAST).

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Based on Fastenal Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.2 billion and a net profit of $339.8 million. In comparison, last year the company earned a revenue of $1.96 billion and had a net profit of $298.7 million

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