"U.S. Stocks" Fastenal's Q1 net sales and earnings meet expectations, Bank of America Securities initiates "Buy" rating with a target price of $55
U.S. industrial parts wholesaler Fastenal (FAST.US) reported a 12.4% year-on-year increase in net sales for the first quarter ending in March, reaching $2.202 billion, in line with market expectations, with diluted earnings per share of $0.30, also meeting expectations.
The stock closed down 6.9% on the night of the 13th, at $45.80.
Bank of America Securities initiated coverage on Fastenal with a "Buy" rating and a target price of $55
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments