Fastenal: Smooth CEO Transition and Strategic Continuity Underpin Buy Rating
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Analyst Ryan Merkel from William Blair maintains a Buy rating on Fastenal, citing leadership continuity and strategic direction. The planned CEO transition to Jeffrey Watts in 2026 is seen as positive, with Watts' experience ensuring stability. Jefferies also upgraded Fastenal to a Buy with a $52 target, supporting the bullish outlook.
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