RBC Capital raised the firm’s price target on Casey’s General Stores (CASY) to $542 from $468 and keeps a Sector Perform rating on the shares. Attending management meetings with Toronto and Montreal investors reinforced the firm’s favorable view of Casey’s strategy and execution, and RBC remains confident in the company’s ability to continue to earn its valuation premium, reflective of attractive inside-store mix, unit growth cadence, geographic concentration, strong operating expense control, and upside from Fikes acquisition, the analyst tells investors in a research note.
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