Stephens cuts Fastenal PT following two-for-one stock split
ReutersMay 29, 2025 11:29 AM
Stephens cuts Fastenal FAST.O price target to $40 from $80, a downside of 3.6% to the stock's last close, rating unchanged at 'equal-weight'
Says reason for construction supllier's PT change driven by two-for-one stock split that happened earlier this month
Stephens cuts adj 2025 EPS forecast to $1.09 from $2.18
Shares are up nearly 1% at $42 in premarket trading
Three of 16 brokerages rate the stock strong buy, eleven "hold" and two "sell"; their median PT is $39 - data compiled by LSEG
As of last close, stock had risen 15% YTD
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