Raymond James Reiterates Underperform Rating on Fastenal (FAST)

Raymond James analyst Sam Darkatsh reiterated an Underperform rating on Fastenal (NASDAQ: FAST).

The analyst comments "Summary: We reiterate Underperform. Fastenal continues to execute well despite soft end-markets and significant macro uncertainty around tariffs. A frothy valuation, double-digit market-implied sales growth expectations, and topline growth nearly entirely dependent on new site openings with large customers (i.e., onsites) suggests to us an asymmetrically negative setup."

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 $80.64 yesterday.

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