RBC Capital analyst Irene Nattel raised the firm’s price target on Casey’s General Stores (CASY) to $713 from $662 and keeps a Sector Perform rating on the shares. The company’s Q3 results were solid and better than expected, with metrics reflecting effective execution of its strategies, the analyst tells investors in a research note. The stock earns its valuation premium, underpinned by attractive inside-store mix, unit growth, geographic concentration, and strong operating expenditure controls, the firm added.
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