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Actionable news in FAST: Fastenal Company,

Fastenal (FAST) Stock Initiated with ‘Market Perform’ Rating at BMO Capital

NEW YORK (TheStreet) -- Fastenal Co. (FAST - Get Report) stock was started with a "market perform" rating and $50 price target at BMO Capital Markets.

The Winona, MN-based company sells industrial and construction supplies and is the largest fastener distributor in North America.

The company has long been considered the "gold standard" among the industrial MRO (maintenance, repairs and operations) distributors, the firm noted.

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"Its store-front and product-line expansion model has consistently generated market share gains-and a wide gap...