Goldman Sachs raised the firm’s price target on Casey’s General Stores (CASY) to $385 from $360 and keeps a Neutral rating on the shares. The company reported a “strong” Q2 result, reflecting continued share gains in fuel, strong inside margin delivery, and lower-than-anticipated growth in operating expense, the analyst tells investors in a research note. The management’s updated FY25 guidance given the Fikes acquisition calling for EBITDA to increase at least 10% vs. prior forecast of up 8% is also implying a modest sequential deceleration in the second half due to some expected dilution from the Fikes acquisition, and this could prove conservative, the firm added.
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