Fastenal upgraded at Baird on strategic overhaul, earnings upside

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Fastenal industrial products and services distributor. Fastenal resells industrial, safety, and construction supplies

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Fastenal (NASDAQ:FAST) received an upgrade from Baird on Wednesday, with analyst David Manthey lifting the stock to Outperform from Neutral, citing growing confidence in the company’s revamped go-to-market strategy and the potential for an accelerating earnings outgrowth cycle.

“We believe

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