Morgan Stanley downgrades industrial stock Fastenal, citing valuation at an all-time high

cnbc2021-06-15

Investors should stay away from industrial supplierFastenalwhile the company does an internal makeover, according to Morgan Stanley. The company is altering its sales strategy, according to the ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

MaxwellJr
2021-06-16
MaxwellJr
Awesome
求老师指点
2021-06-16
求老师指点
Comment and like
- wenns:
  [微笑]
AmateurI
2021-06-16
AmateurI
Good
Ros191
2021-06-15
Ros191
about time
Ros191
2021-06-15
Ros191
wow
VanessaTay
2021-06-15
VanessaTay
No

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1107805706?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-06-15 19:29","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1107805706","market":"us","top_or_hot":-1,"title":"Morgan Stanley downgrades industrial stock Fastenal, citing valuation at an all-time high","media":"cnbc","content":"<div>\n<p>Investors should stay away from industrial supplierFastenalwhile the company does an internal makeover, according to Morgan Stanley.\nThe company is altering its sales strategy, according to the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/morgan-stanley-downgrades-fastenal-stock-says-transition-period-cant-support-high-valuation.html\">网页链接</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley downgrades industrial stock Fastenal, citing valuation at an all-time high</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley downgrades industrial stock Fastenal, citing valuation at an all-time high\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 19:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/15/morgan-stanley-downgrades-fastenal-stock-says-transition-period-cant-support-high-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should stay away from industrial supplierFastenalwhile the company does an internal makeover, according to Morgan Stanley.\nThe company is altering its sales strategy, according to the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/morgan-stanley-downgrades-fastenal-stock-says-transition-period-cant-support-high-valuation.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FAST","symbol_name":"快扣","start_time":0,"source_url":"https://www.cnbc.com/2021/06/15/morgan-stanley-downgrades-fastenal-stock-says-transition-period-cant-support-high-valuation.html","article_id":"1107805706","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/06/15/morgan-stanley-downgrades-fastenal-stock-says-transition-period-cant-support-high-valuation.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1107805706","pubTimestamp":1623756543,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"Investors should stay away from industrial supplierFastenalwhile the company does an internal makeov","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FAST":"快扣"},"translate_title":"摩根士丹利下调工业股Fastenal评级,称估值处于历史高位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FAST":0.9},"content_text":"Investors should stay away from industrial supplierFastenalwhile the company does an internal makeover, according to Morgan Stanley.\nThe company is altering its sales strategy, according to the investment firm, and its May sales results were down year over year. Its stock has gained 8% since the start of 2021.\nAnalyst Joshua Pokrzywinski downgraded the stock to underweight from equal weight, saying in a note to clients that the stock had limited upside due to a high valuation and execution risk as it continues the transition.\n“The company is undergoing a strategy change and potentially has an air pocket of outgrowth given limited net Onsite customer acquisitions over the past year,” the note said. “Over time, we believe the majority of these issues are manageable and believe the strategy is adapting to the business environment, but see potential for a tricky handoff at a point in time where valuation and comparisons are demanding.”\nThe change comes as Fastenal’s stock is trading at relatively high levels compared to its history. Shares have a forward price-to-earnings ration of 32, according to FactSet, well above their historical average.\n“Valuation is at all time highs on an absolute basis and vs. the S&P 500. This comes at a point when FAST had a much more mild downturn than other cyclicals due to safety and less recovery potential, but also as outgrowth is uncertain amid the points described above,” Morgan Stanley said.\nThe firm cut its price target on the stock to $48 per share from $53. The new target is 9% below where the stock closed on Monday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":160801609,"gmtCreate":1623777310801,"gmtModify":1634028348317,"author":{"id":"3581819894000542","authorId":"3581819894000542","authorIdStr":"3581819894000542","name":"MaxwellJr","avatar":"https://static.tigerbbs.com/73d5f6349fa8bd7ead5633d646d23abf","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581819894000542"},"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160801609","repostId":1107805706,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160165892,"gmtCreate":1623775364216,"gmtModify":1634028388293,"author":{"id":"3574409130628325","authorId":"3574409130628325","authorIdStr":"3574409130628325","name":"求老师指点","avatar":"https://static.tigerbbs.com/9f37c6fe3f11098991d08587e5b22a23","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574409130628325"},"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/160165892","repostId":1107805706,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4789042,"gmtCreate":1623782463612,"gmtModify":1635318327920,"authorId":3573628867735517,"author":{"id":3573628867735517,"authorId":3573628867735517,"name":"wenns","avatar":"https://static.tigerbbs.com/56a10a99293efcd3e1e25084a2bcecbf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":160165892,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"EN"},{"id":160378659,"gmtCreate":1623773684271,"gmtModify":1634028440841,"author":{"id":"3569706111463394","authorId":"3569706111463394","authorIdStr":"3569706111463394","name":"AmateurI","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3569706111463394"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160378659","repostId":1107805706,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160092659,"gmtCreate":1623765916771,"gmtModify":1634028652379,"author":{"id":"3586854014714509","authorId":"3586854014714509","authorIdStr":"3586854014714509","name":"Ros191","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586854014714509"},"htmlText":"about time","listText":"about time","text":"about time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160092659","repostId":1107805706,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160004830,"gmtCreate":1623765767120,"gmtModify":1634028657836,"author":{"id":"3586854014714509","authorId":"3586854014714509","authorIdStr":"3586854014714509","name":"Ros191","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586854014714509"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160004830","repostId":1107805706,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160000601,"gmtCreate":1623765618703,"gmtModify":1634028664635,"author":{"id":"3582097701989527","authorId":"3582097701989527","authorIdStr":"3582097701989527","name":"VanessaTay","avatar":"https://static.tigerbbs.com/4874061fa1b5d5a99e7401952701b68f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582097701989527"},"htmlText":"No","listText":"No","text":"No","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160000601","repostId":1107805706,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":65,"commentSize":38,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1107805706"}