Casey's General Stores (CASY) PT Raised to $485 at Jefferies
Jefferies analyst Corey Tarlowe raised the price target on Casey's General Stores (NASDAQ: CASY) to $485.00 (from $470.00) while maintaining a Buy rating.
The analyst comments "CASY reported solid Q2 results, with inside margins expanding and opex lower-than-expected. Looking ahead, mgmt raised its EBITDA guidance despite anticipating additional deal and integration costs from the Fikes transaction. We believe the business remains well-positioned to continue to gain fuel/inside sales market share and are encouraged by the potential synergies related to the Fikes deal. PT to $485."