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
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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.
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