New Industrial Goods Stock Price Targets in December: FAST, MLM

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Industrial Goods sector for the week ending December 9th, 2011.

  • Fastenal (NASDAQ:FAST): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $40 to $43 on Dec 7th. The shares recently traded at $41.03, down $0.57, or 1.37% since the analyst’s rating. About the company: Fastenal Company sell industrial and construction supplies in a wholesale and retail fashion. The Company markets its products and services throughout the United States, Canada, Mexico, Puerto Rico, Singapore, China, and The Netherlands. Get the most recent company news and stock data here >>
  • Martin Marietta (NYSE:MLM): Longbow downgraded its rating on this company from Buy to Neutral on Dec 8th. The shares recently traded at $74.61, up $2.41, or 3.34% since the analyst’s rating. About the company: Martin Marietta Materials, Inc. produces aggregates for the construction industry, including highways, infrastructure, commercial, and residential. The Company also manufactures and markets magnesia-based products, including heat-resistant refractory products for the steel industry, chemical products for industrial and environmental uses, and dolomitic lime. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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