RBC Capital analyst Irene Nattel raised the firm’s price target on Casey’s General Stores (CASY) to $438 from $430 and keeps a Sector Perform rating on the shares. The company’s Q3 results reflected key metrics that were generally in line with the firm’s expectations, and the first full quarter of contribution from Fikes, the analyst tells investors in a research note. Casey’s continues to earn its valuation premium that reflects attractive inside-store mix, unit growth cadence, geographic concentration, strong expense control, and upside from Fikes, RBC adds.
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Read More on CASY:
- Casey’s General: Strong Performance and Growth Potential Drive Buy Rating
- Closing Bell Movers: Stitch Fix jumps over 20% on earnings beat, guidance raise
- Casey’s General Stores reports Q3 EPS $2.33, consensus $2.08
- Casey’s General Stores now sees FY25 EBITDA up roughly 11%
- Notable companies reporting after market close
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