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Fly News Breaks for June 7, 2017
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Jun 7, 2017 | 09:25 EDT
Stephens analyst Matt Duncan noted that Fastenal's May daily sales growth of 9.7% is up from 8.9% growth in April and represents the sixth straight month of acceleration, which he views as encouraging. After two months, Fastenal is tracking up 9.3%, versus the consensus forecast for 8.8% growth, added Duncan, who keeps an Overweight rating and $54 price target on the stock ahead of the company's Q2 report on July 12.
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