UPDATE: Benchmark Raises PT on Susser Holdings Corporation from $38 to $42

Benchmark reiterated a Buy rating on Susser Holdings Corporation (NASDAQ: SUSS) and raised its price target from $38 to $42.

Benchmark wrote, “We are raising our 2Q12 EPS estimate to $1.33, from $0.76 on the strength of fuel margins, driven by the falling fuel price environment during the second quarter. We also believe that miles driven could be increasing, benefiting comps going forward. If this environment continues through September, it could also produce upside to Q3. On the increase of our 2Q12 EPS estimate, our FY12 EPS estimate increased to $2.06, from $1.49, flowing through only the benefit in Q2.”

Susser Holdings Corporation closed at $37.17 on Friday.

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