Casey’s General Stores price target raised to $830 from $730 at KeyBanc

KeyBanc raised the firm’s price target on Casey’s General Stores (CASY) to $830 from $730 and keeps an Overweight rating on the shares. The firm sees an improving backdrop for the consumer in first half of 2026, supported by recent policy changes such as higher tax refunds and lower taxes for some. While there have been positive headlines around the Iran conflict, KeyBanc continues to closely monitor the situation and its implications for oil, gasoline, and consumer confidence, which is a growing risk to spending during Q2 and Q3. For KeyBanc’s home-related coverage, over a longer horizon, the firm still sees significant upside from unsustainably low levels of housing and home-related spending. In the near-term, KeyBanc believes trends may show some slight improvement in Q1, given higher tax refunds and easier prior-year comparisons.