Morgan Keegan Maintains Outperform Rating and $49 PT on Casey's General Stores

A report from Morgan Keegan reiterates its Outperform rating and $49 price target on Casey's General Stores CASY. The report states, “September comparable sales mirrored trends seen in August. Comparable sales for the month were: Grocery +6.9%, Prepared Food +16.3%, and comparable Fuel Gallons -2.1%. For the eighth consecutive month fuel margins exceeded management's goal of 13.5 CPG”. CASY closed yesterday at $46.38.