Stephens raised the firm’s price target on Casey’s General Stores (CASY) to $600 from $570 and keeps an Overweight rating on the shares. The firm is “modestly” lowering its fiscal Q2 estimates for Casey’s to reflect a mark-to-market on fuel margin assumptions, but notes that margins have rebounded to prior highs in November, which it says bodes well for Q3.
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Read More on CASY:
- Balanced Risk/Reward Scenario Justifies Hold Rating for Casey’s General
- Casey’s General Stores initiated with a Neutral at UBS
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