In a report published Friday, Macquarie Capital analyst Dane Leone initiated coverage on Casey's General Stores CASY with a Neutral rating and $70.00 price target.
In the report, Macquarie Capital noted, “Casey's General Stores is a well-run Midwestern chain of convenience stores that operates its own logistics network for fuel and merchandise and has created a brand identity through fresh food offerings with Pizza. The company has considerable store remodelling opportunity within its current core markets around Iowa, but a planned expansion into new territory in the Southeast may create operational volatility and headwinds to operating profit growth, as the company is building a new distribution network. We rate the stock Neutral with a US$70.00 target price.”
Casey's General Stores closed on Thursday at $67.98.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in