** Shares of industrial supplies distributor Fastenal FAST.O rise 1.4% to $42.6 in premarket trading

** Jefferies upgrades stock to "buy" from "hold", citing confidence in double-digit revenue growth through 2026, driven by market share gains, better pricing and potential upside from end-market recovery

** Brokerage says co has a strong record of outperforming the market with manufacturing sales well ahead of industrial production and expects continued share gains from large accounts and recent vending installations

** Jefferies raises PT to $52 from $45, representing 21.25% upside to stock's last close of $42.01

** Co's vending devices offer unique real-time usage data across industries, unmatched by peers, and this data could become its most valuable asset supporting premium valuation, adds Jefferies

** Five of 18 brokerages rate the stock "buy" or higher, eight "hold" and five "sell" or lower; their median PT is $45 - data compiled by LSEG

** Up to previous close, stock up 16.8% YTD

(Reporting by Kanishka Ajmera in Bengaluru)

((mail to: Kanishka.Ajmera@thomsonreuters.com))