KeyBanc raised the firm’s price target on Casey’s General Stores (CASY) to $860 from $830 and keeps an Overweight rating on the shares. The firm sees upside to fuel margins in the quarters ahead, as well as an updated long-term algo likely similar to its last investor day. KeyBanc thinks the sector remains well-positioned to benefit from consolidation, near-term and long-term upside in fuel margins, nicotine mix shift to alternative products, and growth in prepared food and energy drinks.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CASY:
- Store Chain Yesway Leads the SpaceX Queue as it Raises $280M in IPO
- Casey’s General Stores price target raised to $780 from $775 at Evercore ISI
- Casey’s General Stores price target raised to $830 from $730 at KeyBanc
- Casey’s General Stores joins S&P 500 index
- Casey’s General Stores price target raised to $775 from $765 at Evercore ISI