- Baird analyst David Manthey downgraded Fastenal Co (NASDAQ:FAST) to Neutral from Outperform, with a price target of $48 (an upside of 1%).
- The analyst downgraded Pool Corp (NASDAQ:POOL) to Neutral from Outperform, with a price target of $398 (an upside of 8.5%).
- The analyst downgraded SiteOne Landscape Supply Inc (NYSE:SITE) to Neutral from Outperform, with a price target of $129 (an upside of 8%).
- The analyst lowered his estimates on the group to reflect deflation and the garden-variety 2023 recession.
- Manthey calls the trio the “highest-valuation stocks” in his industrial distribution coverage.
- Meanwhile, the analyst still is broadly positive on the group, with ten out of 14 stocks still rated Outperform.
- Price Action: FAST shares trading higher by 1.37% at $47.41, SITE lower by 0.82% at $119.40, and POOL lower by 0.32% at $366.74 on the last check Thursday.
Elon Musk’s Tesla Slashes Price Of Full Self-Driving Package By Half: ‘…Now $99/Month’
Tesla has reduced the monthly subscription fee for its Full Self-Driving package from $199 to $99 in the U.S., a move that contradicts CEO Elon Musk's earlier statements about the FSD price only increasing as the system approached full self-driving capability.
