Wells Fargo Starts Casey's General Stores (CASY) at Market Perform

April 3, 2013 4:39 PM EDT Send to a Friend
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Price: $87.48 -0.81%

Rating Summary:
    5 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 17 | New: 15
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Wells Fargo initiated coverage on Casey's General Stores (NASDAQ: CASY) with a Market Perform rating and a price target of $59 to $61.

Analyst Bonnie Herzog said, "We believe Casey's is well-positioned to deliver strong earnings growth over the next few years by virtue of its acquisition-based unit growth strategy, small market focus, and multiple profit enhancing in-store initiatives; however, we think these factors are largely reflected in current valuation."

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 $57.45 yesterday.

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