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Fly News Breaks for June 13, 2018
CASY
Jun 13, 2018 | 08:37 EDT
Jefferies analyst Christopher Mandeville attributes Casey's General Stores' Q4 miss to bad weather and management's decision to cull 24 hour delivery stores. The analyst views the company's fiscal 2019 guidance as "comforting" and finds the stock's long-term risk/reward as attractive. The stock is "materially undervalued," Mandeville tells investors in a post-earnings research note. He keeps a Buy rating on Casey's with a $134 price target.
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