Deutsche Bank raised the firm’s price target on Casey’s General Stores to $420 from $375 and keeps a Buy rating on the shares. The company reported “knockout” fiscal Q4 results with particular strength in fuel profitability and prepared foods, and the fiscal 2024 outlook points to continued business momentum, the analyst tells investors in a research note. The firm says Casey’s strong execution in a volatile backdrop showcases the resilience of its business model and reinforces a positive bias on the shares.
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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
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