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News 2026-10-12 15:20 UTC

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 conti