UPDATE: Bank of America Reiterates Buy Rating, Raises PT on Casey's General Stores on Expected F3Q13 Earnings

In a report published Friday, Bank of America reiterated its Buy rating on Casey's General Stores

, and raised its price target from $55.00 to $60.00. Bank of America noted, “Casey's in-store merchandise comp outlook in F13 is supported by its 1) major remodel program which include incorporate Casey's successful merchandising initiatives found in its new store design (made-to-order sub sandwiches and expanded beverage coolers & coffee offerings), 2) expansion of 24-hour locations, and 3) expansion of pizza delivery service. Additionally, a +MSD% unit growth outlook is supported by growth opportunities in new markets (including TN & KY).” Casey's General Stores closed on Thursday at $56.73.