BUZZ — Fastenal gains after Jefferies raises PT

* Industrial supplies distributor Fastenal's shares up 2% at $51.73 * Jefferies hikes PT on FAST to $60 from 52, still implying an 18% upside to stock's last close; keeps "buy" rating * Says investors are rewarding distributors that sell to industrial customers while residential-focused names lose value * Expects continued industrial growth to push Fastenal's valuation higher * Cites wider manufacturing demand, double-digit growth across nearly all of Fastenal's end markets and continued market share gains as regional competitors struggle to match its supply-chain reach * 6 of 21 brokerages rate the stock "buy" or above, 10 "hold", 5 "sell" or below; median PT - $48 - data compiled * Including session's moves, stock up 28.7% YTD (Reporting by Miraanta Lowrance in Bengaluru) ((miraanta.lowrance@thomsonreuters.com)