- Following its Q4 results, Fastenal (FAST +3.5%) continues to climb higher following positive coverage at Stifel.
- "Fastenal's 'decent if not stellar' growth in December, off the easiest comp in the last few years and a sequential uptick in gross margins, should drive some modest stock outperformance today despite recent gains."
- The firm reiterated its Hold rating on the stock, with a price target of $44.
Stifel: Fastenal may gain after gross margin uptick
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