RBC Capital raised the firm’s price target on Casey’s General Stores (CASY) to $428 from $403 and keeps a Sector Perform rating on the shares. The company reported better-than-expected Q2 results, with EBITDA and EPS above the high ends of consensus ranges, reinforcing Casey’s strong positioning and execution, the analyst tells investors in a research note. The stock is earning its valuation premium, which reflects its attractive inside-store mix, unit growth cadence, geographic concentration, strong expense control, and the upside from its Fikes acquisition, RBC added.
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