Argus Downgrades Fastenal (FAST) to Hold

October 14, 2016 7:44 AM EDT
Get Alerts FAST Hot Sheet
Price: $49.01 -0.24%

Rating Summary:
    2 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade FAST Now!
Join SI Premium – FREE

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

Argus downgraded Fastenal (NASDAQ: FAST) from Buy to Hold on a weaker near-term outlook.

The firm is again lowering EPS forecasts for this year and next based on expectations for narrower margins.

The analyst will look for a turnaround in sales growth or margins, or a nonfundamental selloff to near $30, as potential upgrade triggers.

For an analyst ratings summary and ratings history on Fastenal click here. For more ratings news on Fastenal click here.

Shares of Fastenal closed at $38.34 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Downgrades

Related Entities

Argus

Add Your Comment