Fastenal price target lowered to $80 from $85 at Stifel

Stifel lowered the firm’s price target on Fastenal to $80 from $85 and keeps a Buy rating on the shares. In the second half, Fastenal is set up to benefit from improved first half Onsite and FMI signing growth, which should support market share growth and gains moving towards its historical range of 5% to 6%, the analyst tells investors in a post-earnings note.