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Fly News Breaks for March 7, 2017
CASY
Mar 7, 2017 | 06:47 EDT
RBC Capital Irene Nattel downgraded Casey's General Store to Sector Perform and lowered its price target to $123 from $136 following the tepid Q3 report. The miss was due to the timing of roll-out of growth initiatives/new store openings, higher opex, and lower gross margins. Nattel expects share to remain range-bound given ongoing weakness in farm incomes.
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