Why Casey's Unique Business Model Is A Game-Changer In The C-Store Industry: Analyst Opines
Portfolio Pulse from Shivani Kumaresan
Raymond James analyst Bobby Griffin reiterated a Market Perform rating on Casey's General Stores Inc (NASDAQ:CASY) after its 1Q FY24 earnings exceeded expectations. The company's unique business model, focusing on small towns, large food business, and growing customer loyalty, sets it apart from other industry participants. The analyst anticipates the addition of at least 150 stores in FY24, up from the previous outlook of 110 stores. CASY shares are trading higher by 3.04% at $274.20.
September 13, 2023 | 6:03 pm
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Casey's General Stores Inc's 1Q FY24 earnings exceeded expectations, leading to a Market Perform rating from Raymond James analyst Bobby Griffin. The company's unique business model and potential for growth are highlighted.
The company's strong 1Q FY24 earnings, which exceeded analyst expectations, along with its unique business model and potential for growth, are likely to positively impact its stock price in the short term.
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