RBC Capital raised the firm’s price target on Casey’s General Stores (CASY) to $591 from $570 and keeps a Sector Perform rating on the shares. The firm cites the company’s “strong” Q2 results driven by stronger than expected gas margins and contribution from “Other” category sales, the analyst tells investors in a research note. Casey’s General continues to earn its valuation premium, underpinned by attractive inside-store mix, unit growth cadence, geographic concentration, and strong opex controls, the firm added.
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