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FAST

Fastenal

$37.37

0.575 (1.56%)

04:55
10/23/19
10/23
04:55
10/23/19
04:55

Fastenal management to meet with KeyBanc

Meeting to be held in Boston October 23 hosted by KeyBanc.

  • 23

    Oct

FAST Fastenal
$37.37

0.575 (1.56%)

10/14/19
RAJA
10/14/19
DOWNGRADE
RAJA
Market Perform
Fastenal double downgraded to Market Perform at Raymond James
Raymond James analyst Samuel Darkatsh double downgraded to Market Perform from Strong Buy citing valuation with the shares approaching his prior $37 price target. Darkatsh cites three factors for the downgrade: Softening broad demand, including weak railcar shipments; that valuation now implies implies bullish market assumptions for long-term organic growth rates for mature branches; and that the stock's historical correlation with the company's ROTNA now suggests limited further upside. The analyst now sees 2019 EPS of $1.39 from $1.38 prior and continues to see 2020 EPS of $1.49.
10/14/19
10/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fastenal (FAST) downgraded to Market Perform from Strong Buy at Raymond James and to Equal Weight from Overweight at Stephens. 2. AMC Networks (AMCX) downgraded to Underperform from In Line at Evercore ISI with analyst David Joyce saying given his industry view of accelerating cord-cutting trends, the analyst views AMC's reward/risk tradeoff as unfavorable at current share levels. 3. Delta Air Lines (DAL) downgraded to Equal Weight from Overweight at Stephens with analyst Jack Atkins saying investors are "understandably frustrated" that despite a highly favorable operating environment this year, Delta is unable to more aggressively drive yields higher. 4. Toll Brothers (TOL) downgraded to Neutral from Positive at Susquehanna with analyst Jack Micenko saying the shares have outperformed the S&P and are now at the high end of their historical average forward P/E. 5. Canopy Growth (CGC) and Hexo (HEXO) downgraded to Neutral from Buy at Seaport Global. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/19
WOLF
10/14/19
DOWNGRADE
WOLF
Underperform
Fastenal downgraded to Underperform from Peer Perform at Wolfe Research
Wolfe Research analyst Nigel Coe noted that Fastenal's 17% rally on Friday following the company's Q3 report was the second biggest one-day move in the stock's history. Following the move, and given that he continues to see downside risk to both its daily sales and earnings against elevated expectations, Coe cut his rating on the shares to Underperform from Peer Perform.
10/15/19
ARGS
10/15/19
NO CHANGE
Target $41
ARGS
Buy
Fastenal price target raised to $41 from $39 at Argus
Argus analyst John Eade raised his price target on Fastenal to $41 and kept his Buy rating after its Q3 earnings beat while also citing the management's confidence in the business based on its four dividend hikes over the past two years. The analyst notes that the stock price has been volatile recently amid expectations for increased government spending on infrastructure projects against negative tariff-related headlines, but believes that the company can generate mid-single-digit sales growth and high single-digit EPS growth over the long term.

TODAY'S FREE FLY STORIES

EUSHF

Eurocash

$0.00

(0.00%)

16:46
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16:45
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TMO

Thermo Fisher

$300.82

0.92 (0.31%)

16:44
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RH

RH

$175.19

1.98 (1.14%)

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PTON

Peloton

$25.96

0.015 (0.06%)

, ALC

Alcon

$58.90

-0.17 (-0.29%)

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Soros adds to Celgene position, lowers Caesars stake, exits Disney »

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PTON

Peloton

$25.96

0.015 (0.06%)

ALC

Alcon

$58.90

-0.17 (-0.29%)

ALLY

Ally Financial

$30.83

0.15 (0.49%)

ORCC

Owl Rock

$18.20

0.2 (1.11%)

DIS

Disney

$147.19

-1.5 (-1.01%)

VMC

Vulcan Materials

$141.66

3.04 (2.19%)

CAG

Conagra Brands

$28.45

0.13 (0.46%)

CELG

Celgene

$110.03

-0.42 (-0.38%)

EPC

Edgewell Personal Care

$31.40

-0.815 (-2.53%)

VST

Vistra Energy

$26.34

0.34 (1.31%)

NLY

Annaly Capital

$9.11

0.035 (0.39%)

C

Citi

$73.85

-0.06 (-0.08%)

CZR

Caesars

$12.86

0.09 (0.70%)

VICI

VICI Properties

$24.58

0.24 (0.99%)

MS

Morgan Stanley

$48.61

0.22 (0.45%)

ADM

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$42.78

-0.04 (-0.09%)

LBRDK

Liberty Broadband

$119.07

0.36 (0.30%)

GOOGL

Alphabet Class A

$1,309.61

13.61 (1.05%)

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RH

RH

$175.19

1.98 (1.14%)

, OXY

Occidental Petroleum

$37.76

-0.36 (-0.94%)

16:40
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Breaking Hot Stocks news story on RH, Occidental Petroleum »

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RH

RH

$175.19

1.98 (1.14%)

OXY

Occidental Petroleum

$37.76

-0.36 (-0.94%)

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16:39
11/14/19
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General news
Fed Balance Sheet Level data reported »

Week of 11/13 Fed Balance…

QGEN

Qiagen

$37.31

1.785 (5.03%)

16:38
11/14/19
11/14
16:38
11/14/19
16:38
Initiation
Qiagen initiated  »

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  • 07

    Dec

ILMN

Illumina

$298.43

0.32 (0.11%)

16:36
11/14/19
11/14
16:36
11/14/19
16:36
Initiation
Illumina initiated  »

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REDU

Rise Education

$7.42

-0.24 (-3.13%)

16:35
11/14/19
11/14
16:35
11/14/19
16:35
Earnings
Rise Education reports Q3 Net income RMB 39.6M, up 22.4% from last year »

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  • 14

    Nov

16:35
11/14/19
11/14
16:35
11/14/19
16:35
General news
Money Supply M2 Weekly Change data reported »

Week of 11/4 Money Supply…

RGEN

Repligen

$81.70

-1.45 (-1.74%)

16:34
11/14/19
11/14
16:34
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16:34
Initiation
Repligen initiated  »

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KLIC

Kulicke & Soffa

$25.18

-0.22 (-0.87%)

16:33
11/14/19
11/14
16:33
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16:33
Earnings
Kulicke & Soffa sees Q1 revenue $130M-$150M, consensus $141.04M »

Looking forward, Dr.…

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  • 14

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TECH

Bio-Techne

$203.87

-1.02 (-0.50%)

16:33
11/14/19
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Initiation
Bio-Techne initiated  »

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  • 07

    Dec

KLIC

Kulicke & Soffa

$25.18

-0.22 (-0.87%)

16:32
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16:32
Earnings
Kulicke & Soffa reports Q4 adjusted EPS 14c, consensus 11c »

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NSTG

NanoString

$23.71

0.19 (0.81%)

16:32
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  • 07

    Dec

AGRX

Agile Therapeutics

$2.37

0.19 (8.72%)

16:31
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Hot Stocks
Agile Therapeutics announces FDA extension of Twirla NDA review period »

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  • 16

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PKI

PerkinElmer

16:31
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16:31
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PerkinElmer initiated  »

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WSBC

WesBanco

$37.50

0.11 (0.29%)

, OLBK

Old Line Bancshares

$29.41

0.17 (0.58%)

16:31
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16:31
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16:31
Hot Stocks
WesBanco, Old Line announce approval of merger »

WesBanc (WSBC) and Old…

WSBC

WesBanco

$37.50

0.11 (0.29%)

OLBK

Old Line Bancshares

$29.41

0.17 (0.58%)

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  • 04

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PKI

PerkinElmer

$88.13

0.815 (0.93%)

16:31
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16:31
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Initiation
PerkinElmer initiated  »

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16:30
11/14/19
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16:30
Options
Preliminary option volume of 20.0M today »

Preliminary option volume…

BABA

Alibaba

$182.69

0.21 (0.12%)

, AVGO

Broadcom

$308.99

-4.54 (-1.45%)

16:29
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Appaloosa increases stake in Alphabet, lowers stake in UnitedHealth »

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BABA

Alibaba

$182.69

0.21 (0.12%)

AVGO

Broadcom

$308.99

-4.54 (-1.45%)

BA

Boeing

$367.42

5 (1.38%)

I

Intelsat

$12.13

-2.28 (-15.82%)

CNC

Centene

$54.66

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GOOG

Alphabet

$1,312.37

14.76 (1.14%)

MU

Micron

$46.82

0.53 (1.15%)

FB

Facebook

$193.15

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AMZN

Amazon.com

$1,754.57

0.73 (0.04%)

ADBE

Adobe

$294.57

1.16 (0.40%)

UNH

UnitedHealth

$255.76

2.46 (0.97%)

HUM

Humana

$317.94

-0.95 (-0.30%)

COOP

Mr. Cooper

$12.48

-0.255 (-2.00%)

CWEN

Clearway Energy

$19.85

0.515 (2.66%)

AGN

Allergan

$182.47

0.91 (0.50%)

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DHR

Danaher

$136.13

-0.92 (-0.67%)

16:29
11/14/19
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16:29
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16:29
Initiation
Danaher initiated  »

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CNO

CNO Financial

$17.53

-0.13 (-0.74%)

16:28
11/14/19
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Hot Stocks
CNO Financial announces additional $500 share repurchase program »

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