Upgrades Neutral Outperform X

FAST Fastenal

Robert W. Baird

$55

Upgrades Underperform Peer Perform X

FAST Fastenal

Wolfe Research

Upgrades Mkt Perform Outperform X

FAST Fastenal

William Blair

Downgrades Hold Reduce X

FAST Fastenal

HSBC Securities

$70

Downgrades Buy Hold X

FAST Fastenal

Stifel

$86

Resumed Neutral X

FAST Fastenal

UBS

Initiated Buy X

FAST Fastenal

BofA Securities

$85

Initiated Equal-Weight X

FAST Fastenal

Morgan Stanley

$72

Initiated Hold X

FAST Fastenal

HSBC Securities

$59

Downgrades Overweight Eq-Weight X

FAST Fastenal

Stephens

$60

Initiated Buy X

FAST Fastenal

Stifel

$61

Resumed Hold X

FAST Fastenal

Jefferies

$50

Downgrades Outperform Neutral X

FAST Fastenal

Robert W. Baird

$48

Upgrades Underweight Eq Weight X

FAST Fastenal

Wells Fargo

$50 $58

Downgrades Eq Weight Underweight X

FAST Fastenal

Wells Fargo

$50 $45

Downgrades Eq-Weight Underweight X

FAST Fastenal

Morgan Stanley

$53 $48

Reiterated Neutral X

FAST Fastenal

Buckingham Research

$32 $31

Downgrades Outperform Mkt Perform X

FAST Fastenal

William Blair

Downgrades Buy Neutral X

FAST Fastenal

Northcoast

Downgrades Overweight Sec Weight X

FAST Fastenal

KeyBanc Capital Markets

Initiated Hold X

FAST Fastenal

Jefferies

$60

Initiated Equal-Weight X

FAST Fastenal

Morgan Stanley

$55

Downgrades Buy Neutral X

FAST Fastenal

Longbow

Initiated Neutral X

FAST Fastenal

Buckingham Research

$50

Reiterated Market Perform X

FAST Fastenal

BMO Capital Markets

$57 $54

Downgrades Outperform Neutral X

FAST Fastenal

Robert W. Baird

Initiated Sell X

FAST Fastenal

Goldman

$49

FAST  Fastenal Company

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets. The manufacturing market includes both original equipment manufacturers (OEM) and maintenance, repair, and operations (MRO). The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration, production and refinement companies, mining companies, federal, state, and local governmental entities, schools and certain retail trades. Its original product offerings are fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name.