William Blair upgraded Fastenal (FAST) to Outperform from Market Perform without a price target The firm views the company as a “”port in the storm” that should benefit from a short-cycle recovery trade. During periods of stock market volatility and growth concerns, Fastenal typically outperform as a “safety stock,” the analyst tells investors in a research note. Blair believes market volatility will remain for the near term given tariff uncertainty and Department of Government Efficiency reducing government spending.
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