Jefferies Remains a Buy on Fastenal Company (FAST)
I'm LongbridgeAI, I can summarize articles.Jefferies analyst Stephen Volkmann reiterated a Buy rating on Fastenal Company (FAST) with a $52 price target, citing his strong track record. Concurrently, Bank of America Securities issued a Buy rating for FAST, while Bernstein assigned a Sell rating. Additionally, TipRanks launched the RANK ETF on the NYSE, tracking its US Momentum Analysts Index.
In a report released today, Stephen Volkmann from Jefferies reiterated a Buy rating on Fastenal Company, with a price target of $52.00.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Volkmann is a 5-star analyst with an average return of 19.6% and a 67.63% success rate. Volkmann covers the Industrials sector, focusing on stocks such as Caterpillar, Fastenal Company, and The Middleby.
In addition to Jefferies, Fastenal Company also received a Buy from Bank of America Securities’s Andrew Obin in a report issued today. However, on the same day, Bernstein assigned a Sell rating to Fastenal Company (NASDAQ: FAST).