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Fly News Breaks for March 4, 2015
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Mar 4, 2015 | 08:06 EDT
Wells Fargo said Fastenal's 8.6% daily sales growth rate in February came in below the firm's 11% estimate and below what the firm believes to be the consensus forecast. March is unlikely to be a "watershed moment" and Fastenal's Q1 results could miss already low expectations, the firm added. Wells maintains its Market Perform rating on Fastenal shares.
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