As previously reported, Gordon Haskett analyst Chuck Grom upgraded Casey’s General Stores (CASY) to Buy from Hold with a price target of $500, up from $410, ahead of Casey’s Q3 report due in early March. The firm’s upgrade is predicated on both updated near-term data reads, suggesting upside for the quarter, as well as its high-level view of the business, the analyst tells investors. The firm raised its Q3 EPS forecast to $2.10 from $1.79 and its FY25 and FY26 EPS forecasts to $14.30 and $16.20, respectively, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CASY:
- Casey’s General Stores upgraded to Buy from Hold at Gordon Haskett
- Yerbae expands retail footprint through partnership with Casey’s General
- Casey’s General Stores management to meet virtually with Benchmark
- Electronic Arts, Rivian downgraded: Wall Street’s top analyst calls
- Casey’s General Stores resumed with a Market Perform at BMO Capital