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Fly News Breaks for April 19, 2017
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Apr 19, 2017 | 10:06 EDT
As previously reported, Raymond James upgraded Fastenal to Outperform from Market Perform and established a $50 price target. Analyst Sam Darkatsh said volume growth could accelerate into double digits by Q3 on a year-over-year bases driven by onsite rollouts and vending, surprising the Street. The analyst also expects below peer margin leverage to slowly be aided by improving pricing.
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