Stock Market Update: Rocket Lab, Fastenal, Best Buy

Reported about 6 hours ago

In the latest market developments, Rocket Lab saw its stock price target raised by Citi from $33 to $50 due to anticipated revenue growth, while Fastenal reported second quarter sales that met expectations but warned of higher IT spending in 2025 due to project delays. Conversely, Best Buy faced a downgrade from Piper Sandler, lowering its rating from Overweight to Neutral as the firm does not foresee near-term growth catalysts.

Source: YAHOO

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