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."
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Shares of Fastenal closed at $80.64 yesterday.