BMO Capital analyst Kelly Bania raised the firm’s price target on Casey’s General Stores (CASY) to $540 from $515 and keeps a Market Perform rating on the shares. The company’s Q1 results remained solid with positive high-single-digit 2-yr stack comps, low single digit traffic growth and solid quarter-to-date momentum heading into Q2, the analyst tells investors in a research note. While there are several catalysts that could support the forward momentum however, BMO remains sidelined for now largely given valuation and high investor expectations, the firm added.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CASY:
- Casey’s General Stores price target raised to $580 from $540 at Wells Fargo
- Casey’s General Stores Reports Strong First Quarter Growth
- Casey’s General Stores price target raised to $490 from $450 at Goldman Sachs
- Casey’s General Stores price target raised to $600 from $575 at Jefferies
- Closing Bell Movers: Nebius up over 40% on Microsoft deal