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Fly News Breaks for September 12, 2018
CASY
Sep 12, 2018 | 07:19 EDT
Wells Fargo analyst Bonnie Lee Herzog raised her price target for Casey's General Stores to $120 from $97, citing stronger than expected Q1 results as exceptionally strong fuel margins and solid grocery/merchandise comps offset tepid performance in prepared food and weak fuel gallons. While the analyst remains concerned about income pressure across the farm belt and execution risk given the company's ambitious value creation plan, Herzog remains encouraged by the progress made so far. She reiterates a Market Perform rating on the shares.
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