Stifel Nicolaus Initiates Fastenal With Buy

Analysts at Stifel Nicolaus initiated coverage on shares of Fastenal Company FAST with a Buy rating. The target price for Fastenal is set to $56. Fastenal shares have gained 0.43% over the past 52 weeks, while the S&P 500 index has gained 14.65% in the same period. Fastenal's shares rose 0.87% to close at $46.44 yesterday.