Analysts’ Top Services Picks: LB, FAST

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on L Brands (NYSE: LB) and Fastenal Company (NASDAQ: FAST) with bullish sentiments.

L Brands (NYSE: LB)

In a report released today, Mark Altschwager from Robert W. Baird reiterated a Buy rating on L Brands (NYSE: LB), with a price target of $55. The company’s shares opened today at $37.48, close to its 52-week low of $35.

According to TipRanks.com, Altschwager is a 3-star analyst with an average return of 2.4% and a 46.7% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Urban Outfitters.

L Brands has an analyst consensus of Hold, with a price target consensus of $46.46.

Fastenal Company (NASDAQ: FAST)

Robert W. Baird analyst David Manthey reiterated a Buy rating on Fastenal Company (NASDAQ: FAST) today and set a price target of $56. The company’s shares opened today at $51.36.

According to TipRanks.com, Manthey is a 4-star analyst with an average return of 12.6% and a 68.4% success rate. Manthey covers the Services sector, focusing on stocks such as Foundation Building Materials Inc, Anixter International Inc, and SiteOne Landscape Supply.

Currently, the analyst consensus on Fastenal Company is Moderate Buy and the average price target is $58.10, representing a 13.1% upside.

In a report released yesterday, Stephens also reiterated a Buy rating on the stock with a $60 price target.

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