Casey’s General Stores initiated with an Outperform at William Blair

William Blair initiated coverage of Casey’s General Stores (CASY) with an Outperform rating. The firm says Casey’s offers “growing credibility as a highly consistent, inherently defensive model and best-in-class operator.” The company provides a “rare combination of everything investors want in the current environment,” the analyst tells investors in a research note. Blair says Casey’s has “defensive and predictable” model that is well positioned in a “risk-on or risk-off environment.”