Jefferies Upgrades Casey's General Stores (CASY) to Buy

Jefferies upgraded Casey's General Stores (NASDAQ: CASY) from Hold to Buy with a price target of $134.00.

Analyst Christopher Mandeville commented, "Following the pullback we had been waiting for, we upgrade CASY as we believe valuation offers a compelling entry point for L-T investors. Although 1Q17 prep food comps came in softer than what even we had expected, we are confident of a bounce back in 2Q17 based on our proprietary build-up analysis; we expect a gradual arc back to a HSD comp range."

For an analyst ratings summary and ratings history on Casey's General Stores click here. For more ratings news on Casey's General Stores click here.

Shares of Casey's General Stores closed at $115.09 yesterday.

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