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Fly News Breaks for May 5, 2016
FAST, GWW
May 5, 2016 | 12:25 EDT
Deutsche Bank questions the rally in Grainger (GWW) following Fastenal's (FAST) April sales results. The stock is trading up 2% to $233.03. Fastenal's results mirror Grainger's already given guidance, Deutsche contends. The firm believes Grainger gets riskier as the share price moves higher and does not view the company as a play on a recovery.
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