Wells Fargo raised the firm’s price target on Casey’s General Stores to $415 from $340 and keeps an Overweight rating on the shares. While positioning likely contributed to a sizable move on Wednesday, Casey’s General Stores’ Q4 underscored strong momentum, a solid start to the three year plan, and a constructive 2025 outlook, the firm notes. Valuation is harder, but multiple follows market share and Casey’s General Stores sure is taking it, Wells adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CASY:
- CASY Earnings: Casey’s Stock Gained on Strong Q4 Results, Hikes Dividend
- Casey’s General Appoints New Director, Expands Board
- Casey’s General Executives Get Incentives for Strong Performance
- Casey’s General Stores sees FY25 EBITDA up at least 8%
- Casey’s General Stores reports Q4 EPS $2.34, consensus $1.72
Questions or Comments about the article? Write to editor@tipranks.com