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Fly News Breaks for March 4, 2015
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Mar 4, 2015 | 09:20 EDT
Credit Suisse noted that Fastenal's February sales growth of 8.6% missed the firm's estimate of about 12% and confirm fears that January weakness was more than just an anomaly. The firm think's Fastenal's slowdown is greater than anticipated by the market despite expectations for the month being low and believes that a large part of Fastenal's marginal growth in 2014 came from oil and gas driven areas. Credit Suisse has a Neutral rating and $51 price target on Fastenal shares.
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