Fastenal says January, February 'heavily' impacted by weather. Says took a step back in Q1, but is very focused on 23% pre tax growth. Says heavy equipment was very challenging for the company through FY13 and is now seeing some nominal improvement in that business. Comments made during the company's Q1 earnings conference call.
Fastenal downgraded to Neutral from Outperform at Baird Baird downgraded Fastenal to Neutral from Outperform as US economic trends are progressively later-cycle, raising overall risk profiles for distributors with industrial exposure. Baird lowered its price target to $44 from $45 on Fastenal shares.