Casey's Solid Unit Growth, Reduced Cost Structure In Focus: Analyst's Specific Recommendation For Growth Investors
Portfolio Pulse from Nabaparna Bhattacharya
Benchmark analyst John Lawrence reiterated a Buy rating on Casey's General Stores, Inc. (NASDAQ:CASY), raising the price target to $312. The raised price target is based on the new FY25 EPS estimate of $13.00. The analyst expects the company to continue its growth model, which includes solid unit growth, above-average fuel margins, and improvements inside the store under a reduced cost structure. The company plans to grow by 150 units in 2024, including a 63-unit EG Group acquisition.

October 12, 2023 | 7:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Casey's General Stores received a Buy rating from Benchmark analyst John Lawrence, with a raised price target of $312. The company's growth model and plans for expansion are expected to reward growth investors.
The raised price target and Buy rating from the analyst indicates a positive outlook for Casey's General Stores. The company's plans for expansion and its growth model are expected to drive its stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100