Fastenal price target raised to $45 from $44 at Barclays

Barclays raised the firm’s price target on Fastenal (FAST) to $45 from $44 and keeps an Equal Weight rating on the shares. The company reported strong Q1 volumes but its pricing came in below expectations, the analyst tells investors in a research note. It cites Fastenal’s higher volumes and better expense control for the target bump.