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Fly News Breaks for March 21, 2018
CASY
Mar 21, 2018 | 07:42 EDT
Stephens analyst Ben Bienvenu reiterated his Overweight rating and $140 price target on Casey's General Stores, telling investors in a research note that management has "multiple levers" to pull to extract value from the business as it executes on its multi-year plan. Though he thinks the stock may be range-bound in the near-term, he continues to believe Casey's offers investors an "attractive" long-term growth opportunity supported by "ample" white space for unit growth and boosting same-store sales growth over the next several years, adding that Casey's has identified strategies to reinvigorate growth and better control expenses.
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