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Fly News Breaks for June 14, 2018
CASY
Jun 14, 2018 | 09:33 EDT
BMO Capital analyst Kelly Bania lowered her price target on Casey's General Stores to $92 and kept her Market Perform rating, citing the 10% stock price decline since the company disclosed its value creation plan in March. The analyst warns about the risk of raising prices within a challenging retail environment and believes the company lost some market share in Q4. Bania also says that more innovation in Casey's menu assortment, currently in its test mode with expected update in September, could yield a more constructive outlook.
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